Five Below, Inc. (FIVE) Sets New 12-Month High at $58.65

Shares of Five Below, Inc. (NASDAQ:FIVE) reached a new 52-week high during trading on Tuesday . The company traded as high as $58.65 and last traded at $58.03, with a volume of 784700 shares traded. The stock had previously closed at $57.53.

A number of analysts recently commented on FIVE shares. Deutsche Bank AG reiterated a “hold” rating and set a $54.00 price objective (up previously from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Zacks Investment Research cut Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price objective on shares of Five Below in a research report on Wednesday, August 23rd. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Buckingham Research reiterated a “buy” rating and set a $62.00 price objective on shares of Five Below in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.66.

The company has a market capitalization of $3,175.64, a price-to-earnings ratio of 39.68, a PEG ratio of 1.21 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. analysts expect that Five Below, Inc. will post 1.66 EPS for the current year.

In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in Five Below by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after acquiring an additional 25,041 shares in the last quarter. Legal & General Group Plc lifted its position in Five Below by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock worth $5,239,000 after acquiring an additional 11,110 shares in the last quarter. Prudential Financial Inc. lifted its position in Five Below by 82.4% during the 2nd quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after acquiring an additional 79,480 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its position in Five Below by 91.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 5,584 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Five Below by 42.2% during the 2nd quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock worth $38,313,000 after acquiring an additional 230,191 shares in the last quarter.

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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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