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 the 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 sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Five Below Stock Down 3.2 %

FIVE stock opened at $92.77 on Thursday. The firm has a 50 day moving average of $99.51 and a two-hundred day moving average of $90.35. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.24 and a beta of 1.14.

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

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Gradient Investments LLC grew its holdings in Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after purchasing an additional 111 shares during the last quarter. Peloton Wealth Strategists boosted its holdings in shares of Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after buying an additional 200 shares during the period. Partnership Wealth Management LLC grew its stake in Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. raised its holdings in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares during the period. Finally, Paladin Wealth LLC acquired a new position in Five Below during the 3rd quarter worth $26,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Loop Capital upped their target price on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.