Five Below, Inc. (NASDAQ:FIVE) Short Interest Up 8.5% in January

Five Below, Inc. (NASDAQ:FIVE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 4,320,000 shares, a growth of 8.5% from the December 31st total of 3,980,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 8.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gradient Investments LLC lifted its holdings in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after acquiring an additional 111 shares during the last quarter. Partnership Wealth Management LLC grew its holdings in Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. increased its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Five Below during the third quarter worth approximately $26,000. Finally, KBC Group NV lifted its position in shares of Five Below by 23.7% during the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after buying an additional 312 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on FIVE. Craig Hallum increased their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup increased their target price on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Truist Financial upped their price target on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 7th. Finally, Guggenheim boosted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.32.

Five Below Trading Down 1.5 %

Shares of NASDAQ:FIVE opened at $92.33 on Tuesday. The company has a 50-day moving average price of $100.83 and a 200-day moving average price of $90.19. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13. Five Below has a 12 month low of $64.87 and a 12 month high of $212.01.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, research analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

About Five Below

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 lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.