Five Below, Inc. (NASDAQ:FIVE) EVP Sells $45,575.36 in Stock

Five Below, Inc. (NASDAQ:FIVE) EVP Ronald James Masciantonio sold 584 shares of Five Below 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 in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Five Below Price Performance

Five Below stock opened at $77.84 on Thursday. The business has a 50 day simple moving average of $86.67 and a 200 day simple moving average of $92.66. The company has a market capitalization of $4.28 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a one year low of $64.87 and a one year high of $185.48.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $3.65 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIVE. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Bank of America dropped their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Truist Financial reduced their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Finally, Barclays dropped their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Five Below presently has a consensus rating of “Hold” and an average target price of $102.16.

Hedge Funds Weigh In On Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of FIVE. Gradient Investments LLC raised its holdings in shares of Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after buying an additional 111 shares during the last quarter. Bank of Montreal Can increased its position in Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after acquiring an additional 123 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Five Below by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock worth $2,509,000 after acquiring an additional 150 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its stake in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after purchasing an additional 162 shares during the last quarter.

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.