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

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Evercore ISI boosted their price objective on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. William Blair reissued a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Melius Research assumed coverage on shares of Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective for the company. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $115.75.

Hedge Funds Weigh In On Five Below

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atreides Management LP bought a new stake in Five Below during the 3rd quarter valued at $68,649,000. Point72 Asset Management L.P. increased its holdings in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Five Below during the third quarter valued at about $64,981,000. Holocene Advisors LP acquired a new stake in Five Below in the third quarter worth about $38,829,000. Finally, Wellington Management Group LLP grew its position in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after buying an additional 356,776 shares in the last quarter.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $90.64 on Tuesday. Five Below has a 1-year low of $64.87 and a 1-year high of $212.01. The firm has a market capitalization of $4.99 billion, a PE ratio of 18.69, a P/E/G ratio of 0.96 and a beta of 1.14. The business’s fifty day moving average price is $99.10 and its two-hundred day moving average price is $90.40.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Equities research analysts expect that Five Below will post 4.92 earnings per share for the current fiscal year.

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.