The CFO & Treasurer of Five Below Inc (NASDAQ: FIVE) is Buying Shares

By Carrie Williams

Today, the CFO & Treasurer of Five Below Inc (FIVEResearch Report), Kenneth Bull, bought shares of FIVE for $239.2K.

Following Kenneth Bull’s last FIVE Buy transaction on June 27, 2018, the stock climbed by 31.1%. Following this transaction Kenneth Bull’s holding in the company was increased by 9.85% to a total of $10.13 million.

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Based on Five Below Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $365 million and quarterly net profit of $25.66 million. In comparison, last year the company earned revenue of $296 million and had a net profit of $21.8 million. FIVE’s market cap is $7.4B and the company has a P/E ratio of 48.22. Currently, Five Below Inc has an average volume of 751K.

11 different firms, including Merrill Lynch and Buckingham, currently also have a Buy rating on the stock. Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $142.07, reflecting a 7.8% upside.

In the last 30 days, insiders have sold $924.2K worth of FIVE shares and purchased $239.2K worth of FIVE shares. The insider sentiment on Five Below Inc has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Kenneth Bull’s trades have generated a -17.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.