Five Below Inc (NASDAQ:FIVE) EVP Michael Romanko sold 7,881 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the completion of the sale, the executive vice president now owns 27,907 shares of the company’s stock, valued at approximately $3,739,538. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Five Below stock traded up $0.67 during trading hours on Monday, reaching $135.64. 1,172,624 shares of the stock were exchanged, compared to its average volume of 1,043,711. The company has a market cap of $7.53 billion, a P/E ratio of 52.78, a PEG ratio of 1.50 and a beta of 0.60. Five Below Inc has a 52-week low of $69.37 and a 52-week high of $136.36.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 27th. The specialty retailer reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.01. The company had revenue of $602.68 million during the quarter, compared to the consensus estimate of $601.53 million. Five Below had a net margin of 9.60% and a return on equity of 27.10%. Five Below’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, equities analysts anticipate that Five Below Inc will post 3.06 EPS for the current year.
Several research firms recently commented on FIVE. Zacks Investment Research reiterated a “hold” rating and issued a $100.00 price target on shares of Five Below in a research report on Monday, December 31st. BidaskClub downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Bank of America began coverage on shares of Five Below in a research report on Monday. They issued a “buy” rating and a $150.00 price target for the company. Credit Suisse Group upped their price target on shares of Five Below from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of Five Below from $118.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and a consensus price target of $127.90.
A number of institutional investors have recently made changes to their positions in FIVE. TCI Wealth Advisors Inc. raised its position in Five Below by 270.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Somerset Trust Co raised its position in Five Below by 602.5% during the 4th quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock worth $29,000 after buying an additional 241 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Five Below during the 4th quarter worth $41,000. First Hawaiian Bank raised its position in Five Below by 52.3% during the 4th quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock worth $78,000 after buying an additional 260 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. purchased a new position in Five Below during the 4th quarter worth $97,000. Institutional investors own 95.81% of the company’s stock.
Five Below Company Profile
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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