Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter Sells 5,494 Shares of Stock

Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Below Trading Up 5.8 %

Shares of FIVE stock opened at $95.86 on Wednesday. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.24 and a beta of 1.14. The firm has a 50-day moving average price of $99.35 and a 200 day moving average price of $90.33. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01.

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

Institutional Investors Weigh In On Five Below

Several hedge funds have recently made changes to their positions in the business. Gradient Investments LLC lifted its position in Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after buying an additional 111 shares during the period. Capricorn Fund Managers Ltd acquired a new position in shares of Five Below during the 4th quarter valued at about $3,407,000. UMB Bank n.a. lifted its holdings in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Five Below in the fourth quarter worth approximately $241,000. Finally, Chemistry Wealth Management LLC boosted its position in shares of Five Below by 43.3% in the fourth quarter. Chemistry Wealth Management LLC now owns 4,498 shares of the specialty retailer’s stock worth $472,000 after acquiring an additional 1,359 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays boosted their target price on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price objective on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.75.

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.