Investors Buy Large Volume of Five Below Put Options (FIVE)

Five Below, Inc. (NASDAQ:FIVE) was the target of some unusual options trading activity on Thursday. Stock investors acquired 3,131 put options on the stock. This represents an increase of 705% compared to the average volume of 389 put options.

Several equities analysts recently issued reports on the stock. Buckingham Research lifted their price target on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a report on Friday. UBS lifted their price target on shares of Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Five Below to $67.00 and gave the company an “outperform” rating in a report on Friday. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target for the company. in a report on Friday. Finally, Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $60.97.

In other news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the sale, the insider now directly owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.22% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. raised its stake in shares of Five Below by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock worth $617,000 after acquiring an additional 32 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $234,000 after acquiring an additional 39 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 40 shares during the last quarter. Renaissance Group LLC raised its stake in shares of Five Below by 1.2% in the second quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock worth $391,000 after acquiring an additional 95 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Five Below by 0.3% in the second quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after acquiring an additional 100 shares during the last quarter.

Five Below (NASDAQ FIVE) opened at $61.51 on Friday. Five Below has a 12 month low of $36.90 and a 12 month high of $63.33. The firm has a market cap of $3,395.35, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 24.43%. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 28.9% on a year-over-year basis. equities analysts predict that Five Below will post 1.78 EPS for the current fiscal year.

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Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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