Five Below, Inc. (NASDAQ:FIVE) Short Interest Up 8.5% in November
Five Below, Inc. (NASDAQ:FIVE – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,460,000 shares, an increase of 8.5% from the October 31st total of 5,030,000 shares. Based on an average daily trading volume, of 943,700 shares, the days-to-cover ratio is presently 5.8 days. Currently, 10.1% of the company’s stock are short sold.
Insider Activity at Five Below
In related news, CEO Joel D. Anderson purchased 3,100 shares of the stock in a transaction on Friday, September 8th. The shares were purchased at an average price of $161.50 per share, with a total value of $500,650.00. Following the transaction, the chief executive officer now directly owns 99,656 shares of the company’s stock, valued at $16,094,444. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Five Below
Several institutional investors and hedge funds have recently made changes to their positions in the business. Graham Capital Management L.P. bought a new stake in shares of Five Below during the 3rd quarter valued at about $1,745,000. Comerica Bank bought a new position in Five Below in the third quarter worth approximately $16,481,000. Creative Planning boosted its holdings in Five Below by 2.0% in the third quarter. Creative Planning now owns 4,856 shares of the specialty retailer’s stock worth $781,000 after acquiring an additional 96 shares in the last quarter. Morgan Stanley boosted its holdings in Five Below by 2.4% in the third quarter. Morgan Stanley now owns 610,009 shares of the specialty retailer’s stock worth $98,151,000 after acquiring an additional 14,262 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Five Below in the third quarter worth approximately $545,000.
Five Below Trading Up 6.0 %
Shares of FIVE stock opened at $199.80 on Friday. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 1.66 and a beta of 1.17. The stock has a 50-day moving average of $173.96 and a 200-day moving average of $182.25. Five Below has a 1-year low of $144.57 and a 1-year high of $220.19.
Five Below (NASDAQ:FIVE – Get Free Report) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $736.41 million during the quarter, compared to analysts’ expectations of $728.04 million. Five Below had a return on equity of 19.42% and a net margin of 8.08%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Sell-side analysts forecast that Five Below will post 5.48 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on FIVE. Loop Capital decreased their target price on Five Below from $200.00 to $175.00 and set a “hold” rating on the stock in a report on Thursday, August 31st. Bank of America reduced their price target on Five Below from $242.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. StockNews.com assumed coverage on Five Below in a research note on Thursday, October 5th. They issued a “sell” rating for the company. Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price target on shares of Five Below in a research note on Monday, November 27th. Finally, Wells Fargo & Company boosted their price target on Five Below from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Five Below has an average rating of “Moderate Buy” and an average target price of $220.05.
View Our Latest Report on FIVE
Five Below Company Profile (Get Free Report)
Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, 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.
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Original: MarketBeat News Feed: Five Below, Inc. (NASDAQ:FIVE) Short Interest Up 8.5% in November