Five Below Inc (NASDAQ:FIVE) EVP Michael Romanko sold 6,673 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $98.78, for a total value of $659,158.94. Following the transaction, the executive vice president now owns 14,784 shares of the company’s stock, valued at approximately $1,460,363.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Michael Romanko also recently made the following trade(s):
- On Wednesday, April 18th, Michael Romanko sold 6,227 shares of Five Below stock. The shares were sold at an average price of $77.17, for a total value of $480,537.59.
Shares of Five Below traded down $0.60, reaching $100.13, during trading hours on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 12,116 shares, compared to its average volume of 2,090,328. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 1.50 and a beta of 0.58. Five Below Inc has a 52-week low of $44.30 and a 52-week high of $103.99.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 6th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $296.32 million during the quarter, compared to analyst estimates of $291.14 million. Five Below had a return on equity of 26.59% and a net margin of 8.64%. Five Below’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. equities research analysts anticipate that Five Below Inc will post 2.45 earnings per share for the current year.
Five Below declared that its Board of Directors has approved a share repurchase program on Wednesday, March 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have issued reports on the company. Loop Capital boosted their target price on Five Below from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, March 22nd. Barclays set a $80.00 target price on Five Below and gave the company a “hold” rating in a research report on Thursday, June 7th. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. Dougherty & Co boosted their target price on Five Below from $85.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Finally, BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 3rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.12.
A number of large investors have recently modified their holdings of FIVE. Teacher Retirement System of Texas raised its stake in Five Below by 309.1% in the fourth quarter. Teacher Retirement System of Texas now owns 18,598 shares of the specialty retailer’s stock worth $1,233,000 after buying an additional 14,052 shares in the last quarter. California Public Employees Retirement System raised its stake in Five Below by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 111,342 shares of the specialty retailer’s stock worth $7,384,000 after buying an additional 8,972 shares in the last quarter. First Trust Advisors LP raised its stake in Five Below by 70.4% in the fourth quarter. First Trust Advisors LP now owns 67,049 shares of the specialty retailer’s stock worth $4,447,000 after buying an additional 27,703 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Five Below by 16.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,663 shares of the specialty retailer’s stock worth $1,370,000 after buying an additional 2,957 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Five Below by 17.0% in the fourth quarter. Rhumbline Advisers now owns 124,758 shares of the specialty retailer’s stock worth $8,274,000 after buying an additional 18,119 shares in the last quarter.
Five Below Company Profile
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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