Five Below Chairman Unloads $4,665,000 in Stock (FIVE)
Five Below (NASDAQ:FIVE) Chairman David Schlessinger unloaded 100,000 shares of the company’s stock on the open market in a transaction dated Monday, September 23rd. The stock was sold at an average price of $46.65, for a total transaction of $4,665,000.00. Following the completion of the sale, the chairman now directly owns 955,810 shares of the company’s stock, valued at approximately $44,588,537. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FIVE has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of Five Below (NASDAQ:FIVE) from $39.00 to $44.00 in a research note to investors on Tuesday, September 10th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Five Below (NASDAQ:FIVE) from $45.00 to $51.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Five Below (NASDAQ:FIVE) from $42.00 to $47.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock.
Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.94.
Five Below (NASDAQ:FIVE) traded down 1.97% during mid-day trading on Monday, hitting $42.80. The stock had a trading volume of 1,380,804 shares. Five Below has a 1-year low of $27.73 and a 1-year high of $49.68. The stock’s 50-day moving average is $40.15 and its 200-day moving average is $38.76. The company has a market cap of $2.313 billion and a P/E ratio of 91.92.
Five Below (NASDAQ:FIVE) last announced its earnings results on Monday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $117.10 million for the quarter, compared to the consensus estimate of $112.70 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Analysts expect that Five Below will post $0.72 EPS for the current fiscal year.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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