Insider Selling: Five Below, Inc. (FIVE) Insider Sells $7,860,049.49 in Stock
Five Below, Inc. (NASDAQ:FIVE) insider Thomas Vellios sold 142,573 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the transaction, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Five Below, Inc. (NASDAQ FIVE) opened at 55.41 on Friday. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $55.58. The stock has a market capitalization of $3.06 billion, a PE ratio of 38.27 and a beta of 0.90. The stock has a 50 day moving average of $50.59 and a 200-day moving average of $48.75.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. On average, equities research analysts expect that Five Below, Inc. will post $1.67 EPS for the current year.
FIVE has been the topic of several recent research reports. Loop Capital set a $60.00 price target on shares of Five Below and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 price target (up from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 price target on shares of Five Below in a research report on Thursday, August 31st. Finally, UBS AG downgraded shares of Five Below from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $59.00 to $52.00 in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.15.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Five Below by 27,003.0% during the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after acquiring an additional 6,800,982 shares during the period. Vanguard Group Inc. raised its position in Five Below by 5.1% during the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after acquiring an additional 235,589 shares during the period. Wasatch Advisors Inc. raised its position in Five Below by 2.7% during the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock worth $96,225,000 after acquiring an additional 52,041 shares during the period. Jennison Associates LLC raised its position in Five Below by 27.3% during the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock worth $84,493,000 after acquiring an additional 367,235 shares during the period. Finally, State Street Corp raised its position in Five Below by 2.8% during the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after acquiring an additional 38,532 shares during the period.
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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