Insider Selling: Five Below Inc (FIVE) CEO Sells $1,340,000.00 in Stock

Five Below Inc (NASDAQ:FIVE) CEO Joel D. Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 127,693 shares in the company, valued at $8,555,431. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Five Below Inc (NASDAQ:FIVE) opened at $65.55 on Friday. Five Below Inc has a 1-year low of $36.90 and a 1-year high of $67.57. The firm has a market cap of $3,702.96, a P/E ratio of 43.82, a P/E/G ratio of 1.42 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The firm had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same quarter last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. research analysts expect that Five Below Inc will post 1.78 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of FIVE. Strs Ohio increased its holdings in Five Below by 40.0% in the 2nd quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 1,200 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Five Below by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,020 shares of the specialty retailer’s stock valued at $643,000 after buying an additional 530 shares during the period. Great West Life Assurance Co. Can boosted its position in Five Below by 4.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 80,815 shares of the specialty retailer’s stock valued at $3,990,000 after buying an additional 3,349 shares during the period. Sei Investments Co. boosted its position in Five Below by 46.4% in the 2nd quarter. Sei Investments Co. now owns 24,188 shares of the specialty retailer’s stock valued at $1,194,000 after buying an additional 7,662 shares during the period. Finally, TD Asset Management Inc. boosted its position in Five Below by 10.0% in the 2nd quarter. TD Asset Management Inc. now owns 22,090 shares of the specialty retailer’s stock valued at $1,091,000 after buying an additional 2,000 shares during the period.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of Five Below to $67.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Jefferies Group raised their price target on shares of Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday, November 30th. Deutsche Bank restated a “hold” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, August 31st. Finally, BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Five Below presently has a consensus rating of “Buy” and an average target price of $60.91.

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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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