Five Below, Inc. (NASDAQ:FIVE) Sees Large Growth in Short Interest

Five Below, Inc. (NASDAQ:FIVE) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,780,000 shares, a growth of 5.3% from the October 15th total of 4,540,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 2.6 days. Currently, 9.0% of the shares of the company are short sold.

Five Below Trading Down 2.4 %

NASDAQ FIVE opened at $84.57 on Wednesday. The firm has a market capitalization of $4.65 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The firm’s fifty day moving average price is $91.66 and its two-hundred day moving average price is $98.10. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, research analysts anticipate that Five Below will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on FIVE. The Goldman Sachs Group cut their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Craig Hallum boosted their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 7th. UBS Group dropped their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $106.40.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after acquiring an additional 9,188 shares during the last quarter. Cetera Investment Advisers boosted its position in Five Below by 1,842.1% during the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after acquiring an additional 21,368 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after buying an additional 15,734 shares during the period. Quadrature Capital Ltd bought a new position in Five Below during the first quarter worth $2,656,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after purchasing an additional 38,419 shares in the last quarter.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.