Five Below, Inc. (NASDAQ:FIVE) insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Five Below, Inc. (FIVE) opened at 54.54 on Thursday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 37.67 and a beta of 0.90. The stock has a 50 day moving average price of $50.38 and a 200-day moving average price of $48.70. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $55.58.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. During the same period in the prior year, the company earned $0.18 EPS. Five Below’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities research analysts forecast that Five Below, Inc. will post $1.67 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in shares of Five Below by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after buying an additional 25,041 shares during the last quarter. Legal & General Group Plc increased its holdings in Five Below by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock worth $5,239,000 after purchasing an additional 11,110 shares in the last quarter. Gotham Asset Management LLC acquired a new position in Five Below in the 1st quarter worth about $1,321,000. Quantitative Systematic Strategies LLC increased its holdings in Five Below by 91.4% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after purchasing an additional 5,584 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Five Below by 82.4% in the 2nd quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after purchasing an additional 79,480 shares in the last quarter.
FIVE has been the subject of several research reports. Loop Capital reaffirmed a “buy” rating and issued a $60.00 target price on shares of Five Below in a research report on Friday, June 30th. UBS AG cut Five Below from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $59.00 to $52.00 in a research report on Monday, July 10th. BidaskClub cut Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Dougherty & Co reaffirmed a “buy” rating on shares of Five Below in a research report on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 target price on shares of Five Below in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.15.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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