Five Below ( NASDAQ:FIVE ) is seeing strong volume growth

Five Below, Inc. (NASDAQ:FIVE – Get Free Report) saw unusually high trading volume on Friday. Approximately 1,896,212 shares were traded during trading, an increase of 81% from the previous session’s volume of 1,046,069 shares. The stock last traded at $113.57 and previously closed at $113.75.

The Wall Street analyst concludes

FIVE has been the subject of numerous research reports. UBS Group lowered their target price on Five Below from $245.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, June 6. Truist Financial lowered their target price on Five Below from $176.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, June 6. Wells Fargo & Company lowered their target price on Five Below from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Craig Hallum lowered their price target on Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a report on Thursday, June 6. Finally, Mizuho lowered their price target for Five Below from $215.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One investment analyst rated the company with a sell recommendation, five of them issued a hold recommendation, and thirteen gave the company a buy recommendation. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Download our latest stock report on FIVE

Five below stock performance

The company’s stock market capitalization is $6.22 billion, its price-to-earnings ratio is 21.22, its P/E/G ratio is 1.06, and its beta is 1.17. The company has a 50-day moving average of $140.07 and a 200-day moving average of $174.64.

Five Below (NASDAQ:FIVE – Get Free Report) released its quarterly earnings data on Wednesday, June 5. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below achieved a return on equity of 19.82% and a net margin of 8.10%. The company’s revenue for the quarter was $811.86 million, compared to analyst estimates of $834.29 million. During the same quarter last year, the company earned $0.67 per share. The company’s revenue for the quarter increased by 11.8% year-over-year. Analysts expect that as a group, Five Below, Inc. will see earnings per share of 5.19 for the current year.

Institutional inflows and outflows

Several institutional investors have recently bought and sold shares of FIVE. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter valued at $26,000. Rise Advisors LLC acquired a new position in Five Below during the first quarter worth $28,000. Planned Solutions Inc. acquired a new position at Five Below during the fourth quarter valued at $34,000. CVA Family Office LLC acquired a new position in Five Below during the 4th quarter valued at $36,000. Finally, Quest Partners LLC acquired a new position in Five Below during the fourth quarter valued at $37,000.

About five below

(Get the free report)

Five Below, Inc operates as a specialty retailer in the United States. The company offers a wide range of accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, sports tops and pants and T-shirts, as well as nail polishes, lip gloss, perfumes and branded cosmetics; and personalized living space products such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty decorations, accent furniture and related items, and also provides storage options.

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