Five Below (NASDAQ:FIVE) COO Kenneth Bull Sells 10,000 Shares of Stock

Five Below, Inc. (NASDAQ:FIVEGet Free Report) COO Kenneth Bull sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares of the company’s stock, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Five Below Stock Performance

Shares of FIVE stock opened at $230.50 on Tuesday. The firm’s 50 day moving average price is $208.31 and its two-hundred day moving average price is $179.33. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $237.50. The stock has a market cap of $12.73 billion, a PE ratio of 35.68, a PEG ratio of 1.71 and a beta of 1.10.

Five Below (NASDAQ:FIVEGet Free Report) last issued its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, beating the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.48 EPS. As a group, sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

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

Key Headlines Impacting Five Below

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

Wall Street Analysts Forecast Growth

FIVE has been the subject of several analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $206.00 target price on shares of Five Below in a research report on Monday, February 9th. Guggenheim increased their price target on shares of Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Friday. Craig Hallum reissued a “buy” rating and set a $246.00 price objective on shares of Five Below in a research note on Tuesday, March 17th. Jefferies Financial Group boosted their price objective on shares of Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $200.00 target price on shares of Five Below in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Moderate Buy” and a consensus price target of $229.86.

View Our Latest Stock Analysis on FIVE

Five Below Company Profile

(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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Insider Buying and Selling by Quarter for Five Below (NASDAQ:FIVE)

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