Five Below (FIVE) Shares Down 7.5%
Shares of Five Below Inc (NASDAQ:FIVE) fell 7.5% on Monday . The company traded as low as $65.10 and last traded at $66.95. 3,339,229 shares traded hands during trading, an increase of 82% from the average session volume of 1,830,804 shares. The stock had previously closed at $72.37.
A number of equities analysts have recently commented on the stock. MKM Partners increased their price target on shares of Five Below to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Deutsche Bank raised shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, January 3rd. Morgan Stanley increased their price target on shares of Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 27th. Jefferies Group restated a “buy” rating and issued a $85.00 price objective on shares of Five Below in a report on Monday. Finally, Dougherty & Co upped their price objective on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.33.
The stock has a market capitalization of $3,750.00, a price-to-earnings ratio of 44.38, a PEG ratio of 1.53 and a beta of 0.84.
In related news, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total value of $1,006,200.00. Following the transaction, the insider now owns 13,883 shares of the company’s stock, valued at $931,271.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the completion of the transaction, the director now directly owns 29,429 shares in the company, valued at approximately $1,930,248.11. The disclosure for this sale can be found here. In the last three months, insiders sold 143,400 shares of company stock worth $9,474,401. 2.92% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. purchased a new position in Five Below during the third quarter valued at approximately $215,000. Montag & Caldwell LLC purchased a new position in Five Below during the third quarter valued at approximately $217,000. Raymond James Trust N.A. purchased a new position in Five Below during the second quarter valued at approximately $205,000. Miles Capital Inc. purchased a new position in Five Below during the second quarter valued at approximately $210,000. Finally, Riverhead Capital Management LLC lifted its holdings in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 1,829 shares in the last quarter.
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About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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