Five Below (NASDAQ:FIVE) Stock Price Up 3.9% – Here’s Why

Five Below, Inc. (NASDAQ:FIVE)’s share price traded up 3.9% during mid-day trading on Wednesday . The stock traded as high as $79.86 and last traded at $79.48. Approximately 153,130 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,787,883 shares. The stock had previously closed at $76.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Truist Financial decreased their price target on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Evercore ISI decreased their target price on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.42.

Five Below Stock Performance

The stock has a fifty day moving average of $85.35 and a 200 day moving average of $92.31. The company has a market capitalization of $4.47 billion, a P/E ratio of 16.74, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $3.65 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

A number of large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Five Below by 17.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer’s stock valued at $1,207,000 after acquiring an additional 1,981 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Five Below by 1.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,026 shares of the specialty retailer’s stock valued at $12,460,000 after purchasing an additional 1,738 shares during the period. Hantz Financial Services Inc. grew its stake in Five Below by 40.7% in the third quarter. Hantz Financial Services Inc. now owns 2,076 shares of the specialty retailer’s stock worth $183,000 after purchasing an additional 601 shares in the last quarter. Atom Investors LP purchased a new position in Five Below during the 3rd quarter worth $586,000. Finally, Ascent Group LLC increased its holdings in Five Below by 10.4% during the 3rd quarter. Ascent Group LLC now owns 25,458 shares of the specialty retailer’s stock worth $2,249,000 after purchasing an additional 2,390 shares during the period.

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.