Traders Purchase High Volume of Call Options on Five Below (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) saw some unusual options trading activity on Monday. Stock investors purchased 13,195 call options on the stock. This is an increase of approximately 137% compared to the typical volume of 5,578 call options.

Five Below Trading Down 1.0 %

NASDAQ:FIVE traded down $0.93 during trading hours on Monday, hitting $95.00. 1,725,287 shares of the company were exchanged, compared to its average volume of 1,425,473. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. The company has a fifty day simple moving average of $89.66 and a 200 day simple moving average of $103.20. Five Below has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Equities research analysts predict that Five Below will post 4.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FIVE has been the subject of several recent research reports. KeyCorp dropped their price objective on shares of Five Below from $115.00 to $106.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. cut Five Below from a "neutral" rating to an "underweight" rating and lifted their price target for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Melius Research assumed coverage on Five Below in a report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price objective for the company. Truist Financial reaffirmed a "hold" rating and set a $89.00 target price on shares of Five Below in a research note on Monday, August 26th. Finally, Craig Hallum increased their price target on Five Below from $102.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.60.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Five Below by 30.4% in the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer's stock valued at $2,462,000 after purchasing an additional 3,166 shares during the period. Cetera Investment Advisers raised its position in Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer's stock worth $4,086,000 after acquiring an additional 21,368 shares during the period. Quadrature Capital Ltd purchased a new position in Five Below in the first quarter valued at about $2,656,000. Price T Rowe Associates Inc. MD boosted its stake in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock valued at $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Five Below by 19.1% during the 1st quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer's stock valued at $438,000 after acquiring an additional 387 shares during the period.

Five Below Company Profile

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.