In the latest trading session, 0.89 million Five Below Inc (NASDAQ:FIVE) shares changed hands as the company’s beta touched 1.18. With the company’s most recent per share price at $101.12 changing hands around $1.92 or 1.94% at last look, the market valuation stands at $5.56B. FIVE’s current price is a discount, trading about -113.79% off its 52-week high of $216.18. The share price had its 52-week low at $64.87, which suggests the last value was 35.85% up since then. When we look at Five Below Inc’s average trading volume, we note the 10-day average is 1.7 million shares, with the 3-month average coming to 1.72 million.
Analysts gave the Five Below Inc (FIVE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended FIVE as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight.
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Five Below Inc (NASDAQ:FIVE) trade information
Instantly FIVE is in green as seen in intraday trades today. With action 10.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -52.56%, with the 5-day performance at 10.38% in the green. However, in the 30-day time frame, Five Below Inc (NASDAQ:FIVE) is 5.41% up. Looking at the short shares, we see there were 4.13 million shares sold at short interest cover period of 2.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 130, meaning bulls need an upside of 22.22% from its recent market value. According to analyst projections, FIVE’s forecast low is 79 with 251 as the target high. To hit the forecast high, the stock’s price needs a -148.22% plunge from its current level, while the stock would need to tank 21.88% for it to hit the projected low.
Five Below Inc (FIVE) estimates and forecasts
Data shows that the Five Below Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.66% over the past 6 months, a -15.71% in annual growth rate that is considerably lower than the industry average of -4.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.26%. The 2024 estimates are for Five Below Inc earnings to decrease by -14.94%, but the outlook for the next 5-year period is at 25.00% per year.
FIVE Dividends
Five Below Inc is expected to release its next quarterly earnings report in January.
Five Below Inc (NASDAQ:FIVE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.23% of Five Below Inc shares while 105.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 108.12%. There are 105.72% institutions holding the Five Below Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1626% of the shares, roughly 5.05 million FIVE shares worth $550.83 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.1554% or 5.05 million shares worth $550.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Price (T.Rowe) New Horizons Fund and iShares Core S&P Midcap ETF. With 2.75 shares estimated at $278.53 million under it, the former controlled 5.00% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 3.18% of the shares, roughly 1.75 shares worth around $176.86 million.
