Investors Buy High Volume of Five Below Put Options (FIVE)

Five Below Inc (NASDAQ:FIVE) was the recipient of some unusual options trading activity on Thursday. Investors acquired 3,131 put options on the stock. This is an increase of approximately 705% compared to the typical daily volume of 389 put options.

In other Five Below news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.92% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FIVE. Teachers Advisors LLC increased its stake in Five Below by 5.1% in the first quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after purchasing an additional 4,479 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Five Below in the first quarter valued at approximately $3,175,000. LS Investment Advisors LLC increased its stake in Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 39 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Five Below in the second quarter valued at approximately $723,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Five Below in the second quarter valued at approximately $254,000.

A number of research analysts have commented on FIVE shares. Deutsche Bank reaffirmed a “hold” rating and issued a $54.00 target price (up previously from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Royal Bank Of Canada upped their target price on shares of Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research report on Friday, November 10th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Thursday, September 7th. Finally, Wells Fargo & Company started coverage on shares of Five Below in a research report on Friday, November 3rd. They issued an “outperform” rating and a $65.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.91.

Shares of Five Below (NASDAQ FIVE) opened at $65.00 on Tuesday. Five Below has a one year low of $36.90 and a one year high of $65.48. The firm has a market cap of $3,590.00, a P/E ratio of 40.20, a P/E/G ratio of 1.21 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. analysts forecast that Five Below will post 1.78 EPS for the current fiscal year.

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Five Below Company Profile

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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