Five Below, Inc. (NASDAQ:FIVE) EVP Ronald James Masciantonio Sells 584 Shares

Five Below, Inc. (NASDAQ:FIVE) EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Five Below Stock Up 3.9 %

NASDAQ:FIVE opened at $79.23 on Tuesday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $185.48. The stock’s 50 day moving average price is $87.34 and its two-hundred day moving average price is $92.78.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $3.65 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIVE. JPMorgan Chase & Co. cut their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Citigroup upped their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Bank of America reduced their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday. Finally, Craig Hallum lifted their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.16.

Hedge Funds Weigh In On Five Below

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. Charles Schwab Investment Management Inc. lifted its position in shares of Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares during the last quarter. Algert Global LLC lifted its holdings in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after purchasing an additional 20,266 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Five Below during the third quarter worth $3,282,000. Quantbot Technologies LP increased its holdings in shares of Five Below by 16.0% in the third quarter. Quantbot Technologies LP now owns 16,772 shares of the specialty retailer’s stock valued at $1,482,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Five Below in the third quarter valued at about $30,000.

About Five Below

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.