Five Below, Inc. (NASDAQ:FIVE - Get Free Report) insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider now directly owns 25,890 shares in the company, 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 filing with the SEC, which can be accessed through this link.
Five Below Price Performance
Shares of NASDAQ:FIVE traded up $0.17 during trading on Friday, reaching $123.35. 1,461,957 shares of the company were exchanged, compared to its average volume of 2,074,264. The firm has a market capitalization of $6.79 billion, a PE ratio of 25.86 and a beta of 1.02. The business's fifty day simple moving average is $99.85 and its 200-day simple moving average is $93.09. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $137.30.
Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. Five Below's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Loop Capital boosted their target price on shares of Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, June 6th. Citigroup upped their price objective on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Guggenheim reduced their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $112.40.
Check Out Our Latest Stock Report on FIVE
Hedge Funds Weigh In On Five Below
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Five Below during the fourth quarter valued at approximately $8,489,000. Schonfeld Strategic Advisors LLC grew its holdings in Five Below by 7,542.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after purchasing an additional 283,591 shares during the last quarter. Prudential Financial Inc. grew its stake in Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after buying an additional 8,035 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Five Below during the 4th quarter valued at about $31,000. Finally, Merit Financial Group LLC purchased a new stake in Five Below in the first quarter valued at about $514,000.
About Five Below
(
Get Free Report)
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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