Five Below, Inc. (NASDAQ:FIVE – Get Free Report)’s share price traded down 6.9% during trading on Monday . The company traded as low as $207.28 and last traded at $207.71. 522,635 shares changed hands during trading, a decline of 53% from the average session volume of 1,101,536 shares. The stock had previously closed at $223.13.
Analyst Ratings Changes
A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. UBS Group lifted their price objective on Five Below from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Mizuho lifted their price objective on Five Below from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Finally, Guggenheim lifted their price objective on Five Below from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $240.10.
Get Our Latest Stock Analysis on Five Below
Five Below Stock Up 0.7%
Five Below (NASDAQ:FIVE – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, beating the consensus estimate of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $3.48 earnings per share. Five Below’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts expect that Five Below, Inc. will post 8.14 EPS for the current year.
Insider Activity at Five Below
In related news, Director Ronald Sargent sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the transaction, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer directly owned 92,531 shares in the company, valued at $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.96% of the company’s stock.
Hedge Funds Weigh In On Five Below
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eastern Bank lifted its position in Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Bayban acquired a new position in Five Below during the 4th quarter worth approximately $34,000. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter worth approximately $35,000. Spire Wealth Management acquired a new position in Five Below during the 4th quarter worth approximately $38,000. Finally, Advisory Services Network LLC acquired a new position in Five Below during the 3rd quarter worth approximately $32,000.
About Five Below
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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