Investors Buy Large Volume of Five Below Call Options (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE) saw unusually large options trading on Monday. Investors acquired 13,195 call options on the stock. This is an increase of approximately 137% compared to the average daily volume of 5,578 call options.

Five Below Stock Up 0.2 %

Shares of NASDAQ FIVE traded up $0.16 during trading hours on Monday, reaching $96.09. 572,234 shares of the stock traded hands, compared to its average volume of 1,420,059. The company’s 50-day simple moving average is $89.66 and its two-hundred day simple moving average is $103.54. The company has a market capitalization of $5.29 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. As a group, sell-side analysts forecast that Five Below will post 4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. McClarren Financial Advisors Inc. increased its holdings in Five Below by 18,100.0% during the 1st quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock valued at $330,000 after purchasing an additional 181 shares during the period. LRI Investments LLC bought a new position in shares of Five Below during the first quarter valued at approximately $38,000. Paladin Wealth LLC bought a new position in shares of Five Below during the third quarter valued at approximately $26,000. Partnership Wealth Management LLC lifted its stake in Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Natixis bought a new stake in Five Below in the first quarter valued at $73,000.

Analysts Set New Price Targets

A number of brokerages recently commented on FIVE. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Truist Financial reiterated a “hold” rating and issued a $89.00 price target on shares of Five Below in a research report on Monday, August 26th. Citigroup cut their target price on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Finally, KeyCorp decreased their price target on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $111.60.

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.