Five Below Inc (NASDAQ:FIVE) Director Daniel Kaufman sold 3,995 shares of Five Below stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $133.18, for a total value of $532,054.10. Following the sale, the director now directly owns 5,047 shares of the company’s stock, valued at $672,159.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of FIVE traded down $2.44 during trading hours on Wednesday, hitting $131.37. The company had a trading volume of 1,153,000 shares, compared to its average volume of 1,250,757. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 73.39, a PEG ratio of 1.84 and a beta of 0.51. Five Below Inc has a one year low of $48.73 and a one year high of $136.13.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $347.73 million during the quarter, compared to analyst estimates of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. research analysts forecast that Five Below Inc will post 2.54 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Five Below during the 2nd quarter worth $1,025,000. WINTON GROUP Ltd grew its stake in Five Below by 618.2% during the 2nd quarter. WINTON GROUP Ltd now owns 62,540 shares of the specialty retailer’s stock worth $6,111,000 after buying an additional 53,832 shares during the last quarter. Castleark Management LLC purchased a new position in Five Below during the 2nd quarter worth $12,727,000. MetLife Investment Advisors LLC grew its stake in Five Below by 143.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 59,273 shares of the specialty retailer’s stock worth $5,792,000 after buying an additional 34,956 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in Five Below by 96.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 32,089 shares of the specialty retailer’s stock worth $3,135,000 after buying an additional 15,740 shares during the last quarter.
A number of brokerages have weighed in on FIVE. UBS Group lifted their target price on Five Below from $75.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, June 7th. Credit Suisse Group lifted their target price on Five Below from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, September 7th. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Morgan Stanley raised Five Below from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 10th. Finally, Loop Capital boosted their price target on Five Below from $100.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and an average target price of $115.00.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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