Five Below Inc (FIVE) CEO Sells $3,931,800.00 in Stock

Five Below Inc (NASDAQ:FIVE) CEO Joel D. Anderson sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the sale, the chief executive officer now owns 192,174 shares in the company, valued at $25,186,324.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FIVE opened at $137.78 on Wednesday. Five Below Inc has a 52-week low of $69.37 and a 52-week high of $138.99. The stock has a market cap of $7.53 billion, a P/E ratio of 53.61, a P/E/G ratio of 1.52 and a beta of 0.60.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $602.68 million for the quarter, compared to analyst estimates of $601.53 million. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, analysts expect that Five Below Inc will post 3.06 EPS for the current fiscal year.

A number of brokerages have recently commented on FIVE. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America assumed coverage on Five Below in a report on Monday. They issued a “buy” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 target price on the stock. in a report on Friday, February 22nd. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 24th. Finally, Loop Capital lowered Five Below from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and an average target price of $127.90.

Large investors have recently added to or reduced their stakes in the business. Magnus Financial Group LLC bought a new stake in Five Below in the fourth quarter valued at approximately $233,000. Macquarie Group Ltd. raised its stake in Five Below by 47.6% in the fourth quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock valued at $79,855,000 after buying an additional 251,655 shares during the period. First Hawaiian Bank raised its stake in Five Below by 52.3% in the fourth quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 260 shares during the period. Lisanti Capital Growth LLC raised its stake in Five Below by 78.8% in the fourth quarter. Lisanti Capital Growth LLC now owns 26,460 shares of the specialty retailer’s stock valued at $2,707,000 after buying an additional 11,660 shares during the period. Finally, Vanguard Group Inc raised its stake in Five Below by 5.4% in the third quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock valued at $666,374,000 after buying an additional 261,259 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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

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