Five Below, Inc. (NASDAQ:FIVE) Sees Significant Increase in Short Interest

Five Below, Inc. (NASDAQ:FIVE) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 4,270,000 shares, an increase of 13.3% from the July 31st total of 3,770,000 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average trading volume of 2,040,000 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIVE shares. Guggenheim lowered their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Craig Hallum upgraded Five Below from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $108.00 to $102.00 in a research note on Thursday, August 29th. The Goldman Sachs Group cut their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Bank of America upped their target price on shares of Five Below from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.63.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently added to or reduced their stakes in FIVE. Brown Financial Advisors bought a new stake in shares of Five Below in the 2nd quarter valued at about $222,000. Point72 Asset Management L.P. increased its stake in Five Below by 556.2% in 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 in the last quarter. Ascent Group LLC increased its stake in Five Below by 53.7% in the second quarter. Ascent Group LLC now owns 23,068 shares of the specialty retailer’s stock valued at $2,514,000 after purchasing an additional 8,062 shares in the last quarter. Peloton Wealth Strategists raised its holdings in Five Below by 3.0% in the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after purchasing an additional 200 shares during the period. Finally, Scientech Research LLC bought a new position in shares of Five Below during the second quarter worth $1,331,000.

Five Below Trading Down 3.6 %

Shares of NASDAQ FIVE opened at $75.43 on Tuesday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The firm’s 50-day moving average is $84.21 and its 200-day moving average is $132.43. The firm has a market capitalization of $4.15 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Five Below’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. As a group, equities research analysts anticipate that Five Below will post 4.54 earnings per share 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.