Five Below Target of Unusually Large Options Trading (NASDAQ:FIVE)

Five Below Inc (NASDAQ:FIVE) was the target of some unusual options trading activity on Wednesday. Investors acquired 7,690 put options on the company. This represents an increase of 872% compared to the average daily volume of 791 put options.

Five Below stock traded down $0.76 during mid-day trading on Friday, hitting $120.02. The stock had a trading volume of 1,477,583 shares, compared to its average volume of 1,104,852. The firm’s 50-day moving average is $129.15. The firm has a market cap of $6.72 billion, a PE ratio of 46.70, a PEG ratio of 1.41 and a beta of 0.80. Five Below has a 12 month low of $86.57 and a 12 month high of $148.21. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The firm had revenue of $364.76 million during the quarter, compared to analyst estimates of $362.28 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Research analysts forecast that Five Below will post 3.06 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $128.00 to $140.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Morgan Stanley upped their target price on Five Below from $128.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. ValuEngine raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Finally, Bank of America initiated coverage on Five Below in a report on Monday, April 15th. They issued a “buy” rating and a $150.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $135.17.

In other news, CEO Joel D. Anderson sold 30,000 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the transaction, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at approximately $25,186,324.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 15,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $133.60, for a total transaction of $2,004,000.00. Following the transaction, the chief accounting officer now directly owns 35,108 shares in the company, valued at $4,690,428.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,484 shares of company stock valued at $8,268,317. Company insiders own 2.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Five Below by 1.8% during the fourth quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock valued at $684,706,000 after purchasing an additional 116,413 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Five Below by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock valued at $666,374,000 after acquiring an additional 261,259 shares during the last quarter. FMR LLC lifted its holdings in shares of Five Below by 96.6% in the 1st quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock valued at $307,065,000 after acquiring an additional 1,214,030 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Five Below by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 784,166 shares of the specialty retailer’s stock valued at $97,433,000 after acquiring an additional 12,450 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Five Below by 47.6% in the 4th quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock valued at $79,855,000 after acquiring an additional 251,655 shares during the last quarter. 95.60% of the stock is currently owned by institutional investors.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Featured Article: Determine Your Level of Risk Tolerance

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.