Insider Selling: Five Below, Inc. (NASDAQ:FIVE) CAO Sells 5,494 Shares of Stock

Five Below, Inc. (NASDAQ:FIVE) CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Five Below Trading Up 5.8 %

Shares of FIVE stock opened at $95.86 on Wednesday. The stock’s fifty day simple moving average is $99.35 and its 200-day simple moving average is $90.33. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.24 and a beta of 1.14. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $212.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Institutional Trading of Five Below

Several hedge funds and other institutional investors have recently modified their holdings of the company. Paladin Wealth LLC purchased a new position in Five Below in the third quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in Five Below in the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its position in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Five Below during the third quarter valued at approximately $42,000. Finally, Partnership Wealth Management LLC raised its position in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on FIVE shares. Morgan Stanley lifted their price target on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Guggenheim boosted their target price 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. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. Finally, Barclays raised their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.75.

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.