Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter Sells 5,494 Shares

Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Five Below Trading Down 0.7 %

Shares of NASDAQ:FIVE opened at $92.10 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The business has a 50 day moving average of $99.60 and a two-hundred day moving average of $90.36. The company has a market capitalization of $5.07 billion, a PE ratio of 18.99, a PEG ratio of 1.31 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 7th. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Mizuho raised their price target on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Truist Financial increased their price objective on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.75.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently modified their holdings of the business. State Street Corp boosted its position in Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after purchasing an additional 31,520 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the period. Atreides Management LP purchased a new stake in Five Below in the 3rd quarter worth $68,649,000. Finally, Two Sigma Advisers LP acquired a new position in Five Below during the third quarter worth $64,981,000.

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.