Five Below, Inc. (NASDAQ:FIVE) Short Interest Update

Five Below, Inc. (NASDAQ:FIVE) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,780,000 shares, a growth of 5.3% from the October 15th total of 4,540,000 shares. Currently, 9.0% of the company’s shares are sold short. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Mizuho reissued a “neutral” rating and set a $85.00 price objective on shares of Five Below in a research report on Thursday, October 3rd. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Melius Research assumed coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target on the stock. Finally, Evercore ISI upped their price objective on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $106.40.

Five Below Price Performance

Shares of FIVE opened at $86.65 on Tuesday. The firm has a market capitalization of $4.77 billion, a PE ratio of 17.06, a PEG ratio of 0.96 and a beta of 1.20. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company’s 50-day moving average is $91.64 and its 200-day moving average is $98.53.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Analysts predict that Five Below will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its position in shares of Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after buying an additional 9,336 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of Five Below during the 3rd quarter valued at approximately $522,000. Bullseye Asset Management LLC increased its position in Five Below by 9.4% during the 3rd quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer’s stock worth $3,093,000 after purchasing an additional 3,000 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Five Below by 30.6% in the 3rd quarter. M&T Bank Corp now owns 5,965 shares of the specialty retailer’s stock valued at $527,000 after purchasing an additional 1,399 shares during the last quarter.

Five Below Company Profile

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.