Five Below Inc (FIVE) CAO Sells $2,004,000.00 in Stock
Five Below Inc (NASDAQ:FIVE) CAO Eric M. Specter sold 15,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.60, for a total value of $2,004,000.00. Following the transaction, the chief accounting officer now directly owns 35,108 shares of the company’s stock, valued at $4,690,428.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ FIVE traded up $0.67 during trading hours on Monday, hitting $135.64. 1,172,624 shares of the company traded hands, compared to its average volume of 1,043,711. Five Below Inc has a twelve month low of $69.37 and a twelve month high of $136.36. The stock has a market capitalization of $7.53 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The firm had revenue of $602.68 million during the quarter, compared to analysts’ expectations of $601.53 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Five Below Inc will post 3.06 earnings per share for the current fiscal year.
Several research firms have recently weighed in on FIVE. Bank of America began coverage on Five Below in a research report on Monday. They set a “buy” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. cut Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price objective for the company. in a research report on Friday, February 22nd. BidaskClub cut Five Below from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 15th. ValuEngine raised Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 24th. Finally, Loop Capital cut Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $127.90.
About Five Below
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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