Five Below (NASDAQ:FIVE) Reaches New 1-Year High on Earnings Beat

Five Below, Inc. (NASDAQ:FIVEGet Free Report) shares reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $232.47 and last traded at $231.2550, with a volume of 1477914 shares traded. The stock had previously closed at $212.47.

The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.48 EPS.

Five Below News Summary

Here are the key news stories impacting Five Below this week:

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Five Below from $246.00 to $259.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Guggenheim set a $225.00 price objective on Five Below in a research note on Wednesday, January 14th. Wall Street Zen downgraded Five Below from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Loop Capital reiterated a “buy” rating and set a $200.00 price target on shares of Five Below in a research note on Wednesday, December 17th. Finally, Citigroup increased their target price on shares of Five Below from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and a consensus target price of $213.05.

View Our Latest Stock Analysis on FIVE

Insiders Place Their Bets

In other Five Below news, COO Kenneth R. Bull sold 5,100 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $203.21, for a total transaction of $1,036,371.00. Following the sale, the chief operating officer directly owned 101,040 shares in the company, valued at approximately $20,532,338.40. The trade was a 4.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 8,500 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the transaction, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,525 shares of company stock worth $3,135,554. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Five Below by 143.0% during the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 645 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Five Below during the first quarter worth about $268,000. Empowered Funds LLC acquired a new stake in Five Below in the first quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Five Below by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after buying an additional 21,625 shares during the period. Finally, Focus Partners Wealth raised its position in shares of Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 1,503 shares in the last quarter.

Five Below Trading Up 8.8%

The stock has a market capitalization of $12.75 billion, a P/E ratio of 41.48, a P/E/G ratio of 1.64 and a beta of 1.10. The stock’s 50 day simple moving average is $206.39 and its 200 day simple moving average is $177.41.

About Five Below

(Get Free Report)

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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