Five Below Inc (FIVE) CEO Joel D. Anderson Sells 30,000 Shares

Five Below Inc (NASDAQ:FIVE) CEO Joel D. Anderson sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the sale, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at $25,186,324.44. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Five Below stock opened at $137.71 on Wednesday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 1.64 and a beta of 0.67. Five Below Inc has a 52-week low of $69.96 and a 52-week high of $148.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The firm had revenue of $602.68 million for the quarter, compared to analyst estimates of $601.53 million. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that Five Below Inc will post 3.06 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in Five Below by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,256 shares of the specialty retailer’s stock worth $2,765,000 after buying an additional 284 shares in the last quarter. Redwood Investments LLC lifted its position in Five Below by 51.1% during the 1st quarter. Redwood Investments LLC now owns 163,315 shares of the specialty retailer’s stock worth $20,292,000 after buying an additional 55,212 shares in the last quarter. Sawgrass Asset Management LLC lifted its position in Five Below by 433.0% during the 1st quarter. Sawgrass Asset Management LLC now owns 13,245 shares of the specialty retailer’s stock worth $1,646,000 after buying an additional 10,760 shares in the last quarter. Mason Street Advisors LLC lifted its position in Five Below by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 29,652 shares of the specialty retailer’s stock valued at $3,684,000 after purchasing an additional 445 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Five Below by 4.9% during the 1st quarter. New York State Teachers Retirement System now owns 36,456 shares of the specialty retailer’s stock valued at $4,530,000 after purchasing an additional 1,696 shares during the period. Institutional investors own 95.37% of the company’s stock.

FIVE has been the topic of several recent research reports. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut shares of Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price objective on the stock. in a research note on Friday, February 22nd. Goldman Sachs Group raised shares of Five Below from a “buy” rating to a “conviction-buy” rating and set a $147.00 price objective on the stock in a research note on Thursday, March 28th. Oppenheimer assumed coverage on shares of Five Below in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $140.00 price objective on the stock. Finally, Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Five Below presently has a consensus rating of “Buy” and an average price target of $129.10.

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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 nail polishes, lip glosses, fragrances, 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.

Read More: Net Income

Insider Buying and Selling by Quarter for Five Below (NASDAQ:FIVE)

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