Five Below Inc (NASDAQ:FIVE) EVP Michael Romanko sold 12,454 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $66.53, for a total transaction of $828,564.62. Following the completion of the transaction, the executive vice president now owns 24,858 shares in the company, valued at $1,653,802.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Five Below Inc (NASDAQ FIVE) traded up $2.84 during midday trading on Tuesday, hitting $69.16. 1,226,369 shares of the stock were exchanged, compared to its average volume of 1,034,150. The stock has a market capitalization of $3,663.20, a P/E ratio of 45.20, a PEG ratio of 1.41 and a beta of 0.84. Five Below Inc has a 1-year low of $37.14 and a 1-year high of $69.75.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 3.84% and a return on equity of 10.60%. The business had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. sell-side analysts forecast that Five Below Inc will post 1.78 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in FIVE. Renaissance Technologies LLC purchased a new stake in Five Below in the first quarter valued at approximately $3,175,000. Acadian Asset Management LLC purchased a new stake in Five Below during the second quarter worth approximately $723,000. Strs Ohio grew its stake in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after buying an additional 1,200 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in Five Below by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,020 shares of the specialty retailer’s stock worth $643,000 after buying an additional 530 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in Five Below by 4.3% during the second quarter. Great West Life Assurance Co. Can now owns 80,815 shares of the specialty retailer’s stock worth $3,990,000 after buying an additional 3,349 shares during the period.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, December 27th. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Royal Bank of Canada increased their target price on shares of Five Below to $67.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price objective on the stock. in a research report on Friday, December 1st. Finally, UBS Group raised their price objective on shares of Five Below from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.60.
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Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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