Five Below, Inc. (NASDAQ:FIVE) Short Interest Update

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 3,350,000 shares, a decline of 31.2% from the May 15th total of 4,870,000 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average daily volume of 2,740,000 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

FIVE has been the topic of several research analyst reports. Evercore ISI raised their target price on shares of Five Below from $98.00 to $115.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Wall Street Zen raised shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group lifted 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 upped their price objective on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group increased their target price on Five Below from $107.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $112.40.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider George Hill sold 4,500 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider now directly owns 44,130 shares in the company, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently bought and sold shares of the business. Byrne Asset Management LLC bought a new position in shares of Five Below during the first quarter valued at approximately $29,000. Proficio Capital Partners LLC bought a new position in Five Below during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its position in Five Below by 1,097.4% in the first 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 period. Bessemer Group Inc. lifted its stake in Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after buying an additional 353 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after buying an additional 206 shares during the last quarter.

Five Below Stock Up 3.8%

Shares of FIVE opened at $126.47 on Tuesday. The business's 50 day moving average is $94.93 and its two-hundred day moving average is $92.36. Five Below has a 52-week low of $52.38 and a 52-week high of $137.30. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.19 and a beta of 1.02.

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 the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. During the same period in the prior year, the company posted $0.60 earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Five Below Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.