Five Below (NASDAQ:FIVE) Shares Gap Up - Here's What Happened

Shares of Five Below, Inc. (NASDAQ:FIVE - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $103.20, but opened at $107.00. Five Below shares last traded at $100.11, with a volume of 290,150 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FIVE shares. Loop Capital upped their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Thursday, November 7th. Barclays raised their price target on shares of Five Below from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. KeyCorp downgraded Five Below from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Finally, Guggenheim raised their target price on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $116.00.

Five Below Stock Down 3.2 %

The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. The firm's 50 day moving average is $98.52 and its 200 day moving average is $91.02.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, sell-side analysts predict that Five Below, Inc. will post 4.94 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

Large investors have recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new stake in Five Below during the 4th quarter valued at $249,000. GAMMA Investing LLC raised its position in Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock valued at $143,000 after buying an additional 814 shares during the period. Retirement Systems of Alabama lifted its stake in Five Below by 47.2% in the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock worth $13,371,000 after acquiring an additional 48,524 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter worth about $42,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer's stock valued at $2,401,000 after acquiring an additional 9,336 shares in the last quarter.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.