Five Below, Inc. (NASDAQ:FIVE) CAO Sells $498,635.44 in Stock

Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $92.10 on Friday. The firm’s 50 day simple moving average is $99.60 and its 200-day simple moving average is $90.36. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The firm has a market cap of $5.07 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period last year, the business posted $0.26 EPS. Five Below’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several research reports. Guggenheim boosted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.75.

Institutional Trading of Five Below

A number of hedge funds have recently added to or reduced their stakes in FIVE. Atreides Management LP purchased a new position in Five Below during the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. boosted its stake in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Five Below during the third quarter valued at approximately $64,981,000. Holocene Advisors LP bought a new position in Five Below in the third quarter worth approximately $38,829,000. Finally, Wellington Management Group LLP lifted its holdings in Five Below by 1,042.4% during the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after buying an additional 356,776 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.