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 décor, and related items, as well as provides storage options for the customers room.
Further Reading: Certificate of Deposit (CD)
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