Insider Selling: Thomas Vellios Unloads 100,000 Shares of Five Below Stock (FIVE)
Five Below (NASDAQ:FIVE) CEO Thomas Vellios unloaded 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $37.83, for a total value of $3,783,000.00. Following the completion of the transaction, the chief executive officer now directly owns 845,837 shares in the company, valued at approximately $31,998,014. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Five Below (NASDAQ:FIVE) traded up 3.26% during mid-day trading on Tuesday, hitting $39.29. The stock had a trading volume of 530,339 shares. Five Below has a 52-week low of $33.94 and a 52-week high of $55.28. The stock’s 50-day moving average is $36.9 and its 200-day moving average is $37.77. The company has a market cap of $2.132 billion and a price-to-earnings ratio of 61.57.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. 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 $126.00 million for the quarter, compared to the consensus estimate of $121.91 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. On average, analysts predict that Five Below will post $0.90 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Five Below from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. Separately, analysts at Morgan Stanley initiated coverage on shares of Five Below in a research note on Wednesday, June 25th. They set an “equal weight” rating and a $41.00 price target on the stock. Finally, analysts at Wedbush initiated coverage on shares of Five Below in a research note on Tuesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.55.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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