Five Below, Inc. (NASDAQ:FIVE – Get Rating) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,840,000 shares, an increase of 8.0% from the August 15th total of 4,480,000 shares. Approximately 8.9% of the company’s shares are short sold. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 4.7 days.
Five Below Trading Up 2.8 %
NASDAQ FIVE opened at $140.66 on Tuesday. The company has a market cap of $7.81 billion, a P/E ratio of 33.10, a PEG ratio of 1.66 and a beta of 1.32. The company has a fifty day simple moving average of $131.92 and a 200 day simple moving average of $140.70. Five Below has a 12-month low of $109.49 and a 12-month high of $221.00.
Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Five Below had a return on equity of 21.52% and a net margin of 8.19%. The business had revenue of $668.93 million for the quarter, compared to the consensus estimate of $681.30 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Five Below will post 4.44 EPS for the current year.
Insider Activity at Five Below
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Five Below during the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its stake in Five Below by 238.2% in the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 131 shares during the period. Canada Pension Plan Investment Board lifted its stake in Five Below by 93.0% in the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 93 shares during the period. Private Trust Co. NA purchased a new stake in Five Below in the second quarter worth $28,000. Finally, Archer Investment Corp purchased a new position in Five Below during the first quarter valued at $48,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Five Below from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, September 1st. Gordon Haskett downgraded shares of Five Below from a “buy” rating to an “accumulate” rating and set a $140.00 price target on the stock. in a research note on Thursday, June 9th. Truist Financial upped their price target on shares of Five Below from $154.00 to $156.00 and gave the company a “buy” rating in a research note on Thursday, September 1st. Telsey Advisory Group decreased their price target on shares of Five Below from $158.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, September 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $157.00 price target on shares of Five Below in a research note on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.89.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
- Get a free copy of the StockNews.com research report on Five Below (FIVE)
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