Insider Selling: Five Below, Inc. (NASDAQ:FIVE) Insider Sells 1,700 Shares of Stock

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the transaction, the insider now owns 25,890 shares of the company's stock, valued at $3,240,651.30. This represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Five Below Trading Down 0.5%

Shares of Five Below stock traded down $0.66 during trading on Wednesday, reaching $123.18. The company's stock had a trading volume of 1,077,431 shares, compared to its average volume of 2,072,463. The company has a 50-day moving average price of $96.15 and a two-hundred day moving average price of $92.58. The firm has a market cap of $6.78 billion, a PE ratio of 23.37 and a beta of 1.02. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $137.30.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIVE. Telsey Advisory Group lifted their price target on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 4th. Barclays decreased their price target on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Evercore ISI lifted their price target on shares of Five Below from $98.00 to $115.00 and gave the stock an "in-line" rating in a research note on Thursday, June 5th. Finally, Loop Capital lifted their price target on shares of Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, June 6th. 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. According to data from MarketBeat.com, Five Below has a consensus rating of "Hold" and an average target price of $112.40.

Hedge Funds Weigh In On Five Below

A number of institutional investors have recently modified their holdings of the business. Voya Investment Management LLC increased its holdings in shares of Five Below by 4.2% in the 1st quarter. Voya Investment Management LLC now owns 271,497 shares of the specialty retailer's stock valued at $20,342,000 after acquiring an additional 10,841 shares during the period. Mattson Financial Services LLC increased its stake in Five Below by 41.1% in the 1st quarter. Mattson Financial Services LLC now owns 1,534 shares of the specialty retailer's stock valued at $115,000 after buying an additional 447 shares during the period. Acadian Asset Management LLC acquired a new position in Five Below in the 1st quarter valued at $2,946,000. Intech Investment Management LLC increased its stake in Five Below by 35.1% in the 1st quarter. Intech Investment Management LLC now owns 37,133 shares of the specialty retailer's stock valued at $2,782,000 after buying an additional 9,652 shares during the period. Finally, Focus Partners Wealth increased its stake in Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer's stock valued at $289,000 after buying an additional 1,503 shares during the period.

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.

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