Five Below, Inc. (NASDAQ:FIVE) CAO Sells $719,235.00 in Stock

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) CAO Eric M. Specter sold 5,500 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the transaction, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Below Stock Performance

Five Below stock traded up $0.57 during trading hours on Monday, reaching $131.18. 743,267 shares of the stock were exchanged, compared to its average volume of 2,186,764. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $137.30. The stock has a market cap of $7.22 billion, a P/E ratio of 27.50 and a beta of 1.02. The firm's 50 day moving average is $106.12 and its 200 day moving average is $93.48.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Institutional Trading of Five Below

A number of institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in Five Below during the 1st quarter worth $29,000. Coppell Advisory Solutions LLC grew its holdings in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Five Below by 1,097.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after buying an additional 417 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 353 shares during the period. Finally, UMB Bank n.a. grew its position in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI increased their price objective on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, June 24th. Bank of America upped their target price on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research report on Thursday, June 5th. UBS Group increased their price target on shares of Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Morgan Stanley boosted their price objective on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Finally, Loop Capital upped their price objective on Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below currently has a consensus rating of "Hold" and a consensus target price of $113.30.

About Five Below

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.

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