Ronald James Masciantonio Sells 584 Shares of Five Below, Inc. (NASDAQ:FIVE) Stock

Five Below, Inc. (NASDAQ:FIVE) EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Five Below Trading Down 2.8 %

FIVE opened at $77.01 on Wednesday. The business’s 50 day moving average is $87.00 and its 200-day moving average is $92.77. The stock has a market cap of $4.24 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $185.48.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $3.65 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after buying an additional 43,537 shares in the last quarter. Wasatch Advisors LP raised its holdings in Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares in the last quarter. Marshall Wace LLP lifted its position in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. State Street Corp boosted its stake in Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares in the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of Five Below during the 4th quarter valued at $123,601,000.

Analysts Set New Price Targets

Several analysts recently issued reports on FIVE shares. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Citigroup increased their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. UBS Group lowered their price objective on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Loop Capital reduced their target price on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Finally, Guggenheim lowered their price target on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Five Below has an average rating of “Hold” and an average price target of $102.16.

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.