Five Below (FIVE) Hits New 52-Week High at $136.36

Five Below Inc (NASDAQ:FIVE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $136.36 and last traded at $135.57, with a volume of 34568 shares changing hands. The stock had previously closed at $134.97.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America assumed coverage on shares of Five Below in a research note on Monday. They issued a “buy” rating and a $150.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Five Below from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $133.00 to $150.00 in a research note on Thursday, April 11th. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Morgan Stanley lifted their target price on shares of Five Below from $118.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $127.90.

The firm has a market capitalization of $7.70 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The firm had revenue of $602.68 million during the quarter, compared to analyst estimates of $601.53 million. During the same quarter in the previous year, the business earned $1.21 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts anticipate that Five Below Inc will post 3.06 EPS for the current year.

In other news, CAO Eric M. Specter sold 15,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.60, for a total value of $2,004,000.00. Following the completion of the transaction, the chief accounting officer now owns 35,108 shares of the company’s stock, valued at approximately $4,690,428.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel D. Anderson sold 30,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the completion of the transaction, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at approximately $25,186,324.44. The disclosure for this sale can be found here. Insiders sold a total of 52,881 shares of company stock valued at $6,991,854 in the last three months. 2.60% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. TCI Wealth Advisors Inc. lifted its position in Five Below by 270.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Somerset Trust Co lifted its position in Five Below by 602.5% in the 4th quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 241 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in Five Below in the 4th quarter valued at $41,000. Pennsylvania Trust Co bought a new stake in Five Below in the 1st quarter valued at $209,000. Finally, First Hawaiian Bank lifted its position in Five Below by 52.3% in the 4th quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 260 shares in the last quarter. 95.64% of the stock is owned by institutional investors.

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About Five Below (NASDAQ:FIVE)

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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