Traders Purchase High Volume of Five Below Call Options (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 16,766 call options on the stock. This is an increase of approximately 346% compared to the typical daily volume of 3,760 call options.

Insider Buying and Selling

In related news, 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 transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently modified their holdings of FIVE. Steadfast Capital Management LP bought a new stake in shares of Five Below in the fourth quarter valued at about $123,601,000. Marshall Wace LLP boosted its position in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after acquiring an additional 1,072,642 shares during the period. Atreides Management LP bought a new stake in shares of Five Below in the third quarter valued at about $68,649,000. Two Sigma Advisers LP bought a new stake in shares of Five Below in the third quarter valued at about $64,981,000. Finally, Norges Bank bought a new stake in shares of Five Below in the fourth quarter valued at about $66,933,000.

Analyst Ratings Changes

Several analysts have commented on FIVE shares. Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. William Blair restated a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Finally, Citigroup raised their target price on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.37.

Five Below Stock Up 0.5 %

Shares of Five Below stock traded up $0.39 during trading on Wednesday, reaching $74.30. The company’s stock had a trading volume of 1,088,541 shares, compared to its average volume of 1,725,702. The business’s 50-day moving average price is $89.24 and its 200-day moving average price is $92.75. The firm has a market cap of $4.09 billion, a PE ratio of 15.33, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a 52 week low of $64.87 and a 52 week high of $209.79.

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.