Short Interest in Five Below, Inc. (NASDAQ:FIVE) Decreases By 7.3%

Five Below, Inc. (NASDAQ:FIVE) was the target of a large decrease in short interest during 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. Approximately 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of FIVE. Atreides Management LP purchased a new stake in shares of Five Below during the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. grew its holdings in 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 purchased a new stake in Five Below in the third quarter worth about $64,981,000. Holocene Advisors LP bought a new position in shares of Five Below in the third quarter worth about $38,829,000. Finally, Wellington Management Group LLP lifted its position in shares of Five Below by 1,042.4% during 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 Stock Up 0.0 %

FIVE stock opened at $105.05 on Wednesday. The business has a 50 day moving average of $94.07 and a 200 day moving average of $92.81. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market cap of $5.78 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company 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%. Five Below’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. On average, research analysts expect that Five Below will post 4.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Barclays boosted their price target on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Evercore ISI lifted their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Finally, Craig Hallum lifted their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $116.15.

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.