Five Below (NASDAQ:FIVE) Trading 3.9% Higher – Time to Buy?

Five Below, Inc. (NASDAQ:FIVE)’s stock price was up 3.9% during mid-day trading on Wednesday . The stock traded as high as $79.86 and last traded at $79.48. Approximately 153,130 shares were traded during trading, a decline of 91% from the average daily volume of 1,787,883 shares. The stock had previously closed at $76.48.

Analysts Set New Price Targets

FIVE has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Craig Hallum boosted their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group lowered their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Finally, Evercore ISI cut their price target on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday. Two equities 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 stock. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and an average target price of $101.42.

Five Below Stock Performance

The company has a market cap of $4.47 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.19 and a beta of 1.11. The stock has a 50-day moving average of $85.35 and a two-hundred day moving average of $92.31.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted $3.65 EPS. Five Below’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after purchasing an additional 43,537 shares during the last quarter. Wasatch Advisors LP increased its position in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after buying an additional 86,271 shares in the last quarter. Marshall Wace LLP raised its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after buying an additional 1,072,642 shares during the last quarter. State Street Corp boosted its holdings in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after acquiring an additional 31,520 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of Five Below during the fourth quarter valued at $123,601,000.

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.