Five Below, Inc. (NASDAQ:FIVE) Short Interest Update

Five Below, Inc. (NASDAQ:FIVE) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 4,170,000 shares, a growth of 21.6% from the June 15th total of 3,430,000 shares. Currently, 7.7% of the company’s shares are short sold. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is currently 3.1 days.

Five Below Stock Performance

Shares of Five Below stock traded up $2.07 on Tuesday, reaching $102.07. The stock had a trading volume of 1,823,923 shares, compared to its average volume of 1,090,636. The business’s 50-day moving average price is $121.29 and its two-hundred day moving average price is $160.23. The stock has a market cap of $5.62 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Five Below has a fifty-two week low of $98.52 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. As a group, equities analysts forecast that Five Below will post 5.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently bought and sold shares of the stock. Junto Capital Management LP acquired a new stake in Five Below in the 4th quarter worth $73,472,000. Norges Bank acquired a new position in Five Below in the 4th quarter valued at approximately $68,825,000. Jennison Associates LLC bought a new stake in shares of Five Below in the 1st quarter worth approximately $25,114,000. Capital World Investors grew its holdings in shares of Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares in the last quarter. Finally, Country Trust Bank increased its position in shares of Five Below by 26.0% during the second quarter. Country Trust Bank now owns 260,690 shares of the specialty retailer’s stock valued at $28,407,000 after purchasing an additional 53,752 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FIVE. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research note on Saturday, June 8th. Craig Hallum lowered their price objective on shares of Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Citigroup reduced their target price on Five Below from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $215.00 to $170.00 in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company decreased their price objective on Five Below from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

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.