Five Below, Inc. (NASDAQ:FIVE) Sees Large Decline in Short Interest

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Telsey Advisory Group lifted their price target on Five Below from $95.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Melius Research initiated coverage on shares of Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, Guggenheim upped their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.15.

Five Below Trading Up 1.0 %

FIVE traded up $1.05 on Monday, hitting $105.00. 1,573,678 shares of the company were exchanged, compared to its average volume of 1,525,013. The firm has a 50-day moving average price of $93.55 and a two-hundred day moving average price of $93.25. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last released its earnings results 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. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that Five Below will post 4.94 EPS for the current year.

Hedge Funds Weigh In On Five Below

Several large investors have recently bought and sold shares of FIVE. Retirement Systems of Alabama boosted its position in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock worth $13,371,000 after acquiring an additional 48,524 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Five Below in the third quarter valued at approximately $42,000. Teachers Retirement System of The State of Kentucky increased its stake in 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 purchasing an additional 9,336 shares during the last quarter. Geode Capital Management LLC raised its holdings in Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $522,000.

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.