Five Below Sees Unusually Large Options Volume (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE) saw some unusual options trading on Thursday. Stock traders bought 7,869 put options on the company. This represents an increase of 138% compared to the typical volume of 3,312 put options.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Five Below from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Mizuho reduced their target price on Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Citigroup lowered their price target on Five Below from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Telsey Advisory Group cut their price objective on Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $210.00 to $200.00 in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Five Below has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FIVE. Lindbrook Capital LLC boosted its position in shares of Five Below by 4.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 59 shares during the period. Wealth Alliance boosted its position in shares of Five Below by 3.7% during the fourth quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock worth $446,000 after buying an additional 75 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Five Below by 3.1% in the fourth quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock valued at $540,000 after buying an additional 75 shares in the last quarter. Janney Capital Management LLC raised its holdings in shares of Five Below by 3.2% in the 4th quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock valued at $516,000 after buying an additional 76 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after acquiring an additional 76 shares in the last quarter.

Five Below Trading Up 3.3 %

Five Below stock traded up $3.29 during midday trading on Thursday, hitting $104.23. 1,209,653 shares of the stock were exchanged, compared to its average volume of 1,079,850. The stock’s 50-day simple moving average is $124.72 and its 200 day simple moving average is $163.61. Five Below has a fifty-two week low of $100.76 and a fifty-two week high of $216.18. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.20 and a beta of 1.19.

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

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.