Five Below (NASDAQ:FIVE) Hits New 1-Year High Following Better-Than-Expected Earnings

Five Below, Inc. (NASDAQ:FIVEGet Free Report)’s stock price reached a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $232.47 and last traded at $231.2550, with a volume of 1477914 shares. The stock had previously closed at $212.47.

The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $3.48 earnings per share. Five Below’s revenue was up 24.3% compared to the same quarter last year.

More Five Below News

Here are the key news stories impacting Five Below this week:

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FIVE shares. Telsey Advisory Group boosted their price objective on shares of Five Below from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup raised their target price on shares of Five Below from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Jefferies Financial Group boosted their price target on Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company increased their price target on Five Below from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Truist Financial set a $236.00 price objective on Five Below in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.05.

Read Our Latest Research Report on Five Below

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the completion of the transaction, the chief accounting officer owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. This represents a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kenneth R. Bull sold 5,100 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total value of $1,036,371.00. Following the transaction, the chief operating officer owned 101,040 shares in the company, valued at $20,532,338.40. This represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 15,525 shares of company stock valued at $3,135,554. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in Five Below by 40,774,210.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after acquiring an additional 55,452,926 shares during the period. Vanguard Group Inc. raised its position in shares of Five Below by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock worth $831,740,000 after purchasing an additional 69,101 shares during the last quarter. American Century Companies Inc. lifted its stake in Five Below by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock valued at $289,771,000 after buying an additional 332,615 shares in the last quarter. Marshall Wace LLP boosted its holdings in Five Below by 54.6% in the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock worth $336,254,000 after buying an additional 630,710 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Five Below by 3.1% during the 4th quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock worth $284,121,000 after buying an additional 45,761 shares in the last quarter.

Five Below Price Performance

The business has a fifty day simple moving average of $206.39 and a 200 day simple moving average of $177.41. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 1.64 and a beta of 1.10.

About Five Below

(Get Free Report)

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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