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

Five Below, Inc. (NASDAQ:FIVE) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,830,000 shares, a decrease of 7.3% from the November 15th total of 4,130,000 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

FIVE has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. Loop Capital raised their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, UBS Group lowered their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.15.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIVE. Retirement Systems of Alabama lifted its holdings in shares of Five Below by 47.2% during the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock worth $13,371,000 after purchasing an additional 48,524 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter worth about $42,000. Teachers Retirement System of The State of Kentucky grew its holdings in Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after acquiring an additional 9,336 shares during the period. Geode Capital Management LLC raised its position 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 worth $86,559,000 after acquiring an additional 11,504 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of Five Below in the 3rd quarter valued at about $522,000.

Five Below Stock Performance

NASDAQ FIVE opened at $105.05 on Wednesday. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The stock has a market cap of $5.78 billion, a PE ratio of 21.66, a P/E/G ratio of 1.12 and a beta of 1.18. The firm has a 50-day moving average of $94.07 and a 200-day moving average of $92.81.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same period 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, analysts predict that Five Below will post 4.94 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.