Eric M. Specter Sells 5,494 Shares of Five Below, Inc. (NASDAQ:FIVE) Stock

Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Five Below Trading Up 5.8 %

FIVE stock traded up $5.22 during mid-day trading on Tuesday, reaching $95.86. 2,629,191 shares of the stock traded hands, compared to its average volume of 2,329,058. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $212.01. The stock’s fifty day moving average is $99.10 and its 200-day moving average is $90.40. The company has a market cap of $5.27 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.24 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

FIVE has been the subject of several recent analyst reports. Melius Research assumed coverage on Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Craig Hallum boosted their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Guggenheim raised their price objective on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its position in Five Below by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 23,041 shares of the specialty retailer’s stock worth $2,511,000 after acquiring an additional 1,321 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after purchasing an additional 167,330 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Five Below during the second quarter worth approximately $5,985,000. Amalgamated Bank grew its position in Five Below by 3.3% during the second quarter. Amalgamated Bank now owns 31,703 shares of the specialty retailer’s stock valued at $3,455,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Five Below by 1,501.4% in the 2nd quarter. Hsbc Holdings PLC now owns 43,095 shares of the specialty retailer’s stock valued at $4,655,000 after buying an additional 40,404 shares during the period.

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.