Five Below, Inc. (NASDAQ:FIVE) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 7,719,873 shares, a decrease of 25.0% from the May 15th total of 10,290,040 shares. Currently, 14.5% of the shares of the stock are sold short. Based on an average daily volume of 1,145,699 shares, the short-interest ratio is presently 6.7 days.
Several research analysts recently issued reports on FIVE shares. Jefferies Group LLC increased their price target on shares of Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. MKM Partners reissued a “buy” rating and issued a $51.00 price target (down previously from $54.00) on shares of Five Below in a research report on Thursday, March 23rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 price objective (up from $48.00) on shares of Five Below in a research note on Tuesday, May 30th. Credit Suisse Group reaffirmed an “outperform” rating and set a $65.00 price objective (up from $47.00) on shares of Five Below in a research note on Saturday, June 3rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective (up from $52.00) on shares of Five Below in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.85.
Five Below (FIVE) opened at 48.02 on Friday. The firm has a 50-day moving average of $51.23 and a 200-day moving average of $43.59. The company has a market capitalization of $2.65 billion, a PE ratio of 36.13 and a beta of 0.95. Five Below has a 52 week low of $35.03 and a 52 week high of $54.13.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million for the quarter, compared to analyst estimates of $230.75 million. During the same period in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities analysts expect that Five Below will post $1.64 earnings per share for the current fiscal year.
In related news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.22% of the company’s stock.
Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. raised its stake in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the last quarter. Tyers Asset Management LLC raised its stake in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in Five Below during the first quarter worth $125,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock worth $114,000 after buying an additional 307 shares during the last quarter. Finally, Flinton Capital Management LLC acquired a new stake in Five Below during the fourth quarter worth $116,000.
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Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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