Five Below, Inc. (NASDAQ:FIVE - Get Free Report) COO Kenneth Bull sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer owned 92,531 shares of the company's stock, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Five Below Price Performance
FIVE opened at $230.50 on Tuesday. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 1.71 and a beta of 1.10. The business's 50-day moving average price is $208.31 and its two-hundred day moving average price is $179.33. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $237.50.
Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.Five Below's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.48 earnings per share. Sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Five Below
Large investors have recently made changes to their positions in the stock. Jennison Associates LLC grew its position in shares of Five Below by 397.5% in the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer's stock valued at $126,777,000 after acquiring an additional 654,763 shares during the period. Estate Counselors LLC bought a new stake in shares of Five Below in the 3rd quarter valued at about $3,755,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Five Below by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer's stock valued at $90,595,000 after purchasing an additional 8,743 shares during the period. AGF Management Ltd. acquired a new stake in Five Below in the 3rd quarter valued at about $7,304,000. Finally, Caprock Group LLC bought a new position in Five Below during the third quarter worth about $2,346,000.
Trending Headlines about Five Below
Here are the key news stories impacting Five Below this week:
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Five Below from $188.00 to $216.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Evercore increased their target price on shares of Five Below from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Tuesday, December 23rd. William Blair raised shares of Five Below from a "market perform" rating to an "outperform" rating in a research report on Thursday, March 19th. Citigroup lifted their price target on shares of Five Below from $200.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, March 19th. Finally, Truist Financial boosted their price target on shares of Five Below from $236.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Five Below presently has an average rating of "Moderate Buy" and a consensus target price of $229.86.
View Our Latest Report on FIVE
About Five Below
(
Get Free Report)
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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