Short Interest in Five Below, Inc. (NASDAQ:FIVE) Expands By 5.3%

Five Below, Inc. (NASDAQ:FIVE) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,780,000 shares, an increase of 5.3% from the October 15th total of 4,540,000 shares. Currently, 9.0% of the company’s shares are short sold. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is presently 2.6 days.

Analyst Ratings Changes

A number of research firms have commented on FIVE. Evercore ISI upped their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Telsey Advisory Group reduced their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. UBS Group decreased their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Citigroup dropped their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Finally, Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.40.

Institutional Investors Weigh In On Five Below

Several large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky lifted its stake in Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after purchasing an additional 9,336 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the period. Prestige Wealth Management Group LLC purchased a new position in shares of Five Below during the 3rd quarter valued at $522,000. Bullseye Asset Management LLC grew its stake in shares of Five Below by 9.4% during the 3rd quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer’s stock worth $3,093,000 after acquiring an additional 3,000 shares during the period. Finally, M&T Bank Corp increased its holdings in Five Below by 30.6% in the 3rd quarter. M&T Bank Corp now owns 5,965 shares of the specialty retailer’s stock worth $527,000 after acquiring an additional 1,399 shares during the last quarter.

Five Below Stock Performance

NASDAQ:FIVE opened at $86.65 on Tuesday. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The firm has a 50-day moving average price of $91.64 and a two-hundred day moving average price of $98.53. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. As a group, sell-side analysts forecast that Five Below will post 4.57 earnings per share for the current year.

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.