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

Five Below, Inc. (NASDAQ:FIVE) saw a large decline in short interest in 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. Currently, 7.1% of the shares of the stock are sold short. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in FIVE. Fifth Third Bancorp raised its stake in shares of Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Five Below by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 180 shares during the period. Peloton Wealth Strategists grew its holdings in shares of 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 acquiring an additional 200 shares during the period. Partnership Wealth Management LLC grew its holdings in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares during the period. Finally, Arizona State Retirement System grew its holdings in Five Below by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after purchasing an additional 296 shares during the period.

Five Below Stock Performance

NASDAQ FIVE traded up $0.05 during trading hours on Tuesday, hitting $105.05. The company had a trading volume of 1,189,446 shares, compared to its average volume of 1,523,632. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The firm has a 50 day simple moving average of $93.81 and a 200 day simple moving average of $93.04. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Five Below will post 4.94 earnings per share for the current year.

Analyst Ratings Changes

FIVE has been the topic of several research reports. Loop Capital upped their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, November 7th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.