Five Below (NASDAQ:FIVE) Hits New 52-Week High - Should You Buy?

Five Below, Inc. (NASDAQ:FIVE - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $141.42 and last traded at $140.51, with a volume of 303602 shares changing hands. The stock had previously closed at $136.44.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Telsey Advisory Group raised their price target on Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Bank of America lifted their target price on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. upped their price objective on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Mizuho upped their price objective on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Barclays decreased their target price on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $113.30.

Five Below Trading Up 2.4%

The company has a market cap of $7.69 billion, a PE ratio of 29.28 and a beta of 1.04. The business has a fifty day moving average of $121.41 and a 200-day moving average of $96.10.

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 for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider directly owned 25,890 shares of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,700 shares of company stock worth $1,530,209 in the last three months. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Five Below

A number of large investors have recently modified their holdings of FIVE. Greenleaf Trust acquired a new position in shares of Five Below during the second quarter worth $254,000. HB Wealth Management LLC purchased a new stake in Five Below in the second quarter valued at $367,000. Ballentine Partners LLC purchased a new stake in Five Below in the second quarter valued at $233,000. GAMMA Investing LLC boosted its stake in shares of Five Below by 208.3% during the 2nd quarter. GAMMA Investing LLC now owns 4,159 shares of the specialty retailer's stock worth $546,000 after acquiring an additional 2,810 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Five Below during the 2nd quarter worth about $393,000.

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.