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

Five Below, Inc. (NASDAQ:FIVEGet Free Report) COO Kenneth Bull sold 10,000 shares of Five Below stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded up $3.08 during trading on Monday, reaching $230.50. 1,588,168 shares of the stock traded hands, compared to its average volume of 1,181,694. The stock has a market cap of $12.73 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 1.71 and a beta of 1.10. The stock has a 50-day moving average of $207.77 and a two-hundred day moving average of $178.78. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $237.50.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business earned $3.48 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. Sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FIVE. Telsey Advisory Group boosted their target price on Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group raised their price target 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. Truist Financial boosted their price objective on shares of Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley increased their price objective on shares of Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.86.

Check Out Our Latest Report on FIVE

Institutional Trading of Five Below

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in Five Below by 143.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 645 shares in the last quarter. United Services Automobile Association purchased a new position in Five Below during the first quarter valued at approximately $268,000. Empowered Funds LLC bought a new position in shares of Five Below in the first quarter worth approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after purchasing an additional 21,625 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Five Below by 63.8% in the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares in the last quarter.

More Five Below News

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

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