Five Below (FIVE) Trading Down 5.6%

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Shares of Five Below Inc (NASDAQ:FIVE) fell 5.6% during trading on Monday . The stock traded as low as $127.51 and last traded at $127.79. 1,000,344 shares were traded during trading, a decline of 2% from the average session volume of 1,023,065 shares. The stock had previously closed at $135.38.

Several research firms have commented on FIVE. BidaskClub downgraded Five Below from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Barclays downgraded Five Below from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $128.00 to $140.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Five Below from $128.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. ValuEngine raised Five Below from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. Finally, Bank of America began coverage on Five Below in a research note on Monday, April 15th. They set a “buy” rating and a $150.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $129.10.

The company has a market capitalization of $7.05 billion, a PE ratio of 49.03, a P/E/G ratio of 1.43 and a beta of 0.67.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $602.68 million during the quarter, compared to the consensus estimate of $601.53 million. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. Equities research analysts predict that Five Below Inc will post 3.06 EPS for the current fiscal year.

In other news, EVP Michael Romanko sold 7,881 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the completion of the transaction, the executive vice president now directly owns 27,907 shares of the company’s stock, valued at approximately $3,739,538. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joel D. Anderson sold 30,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $131.06, for a total value of $3,931,800.00. Following the transaction, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at $25,186,324.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,381 shares of company stock valued at $7,344,004. Company insiders own 2.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Optimum Investment Advisors acquired a new stake in Five Below during the 1st quarter valued at $31,000. TCI Wealth Advisors Inc. boosted its holdings in shares of Five Below by 270.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of Five Below by 602.5% during the fourth quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 241 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Five Below during the fourth quarter worth $41,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Five Below by 74.2% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 198 shares during the last quarter. 95.76% of the stock is owned by institutional investors and hedge funds.

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About Five Below (NASDAQ:FIVE)

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

Further Reading: Certificate of Deposit (CD)

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