The EVP of Merchandising of Five Below Inc (NASDAQ: FIVE) is Selling Shares

By Carrie Williams

Today, the EVP of Merchandising of Five Below Inc (NASDAQ: FIVE), Michael Romanko, sold shares of FIVE for $659.2K.

Following Michael Romanko’s last FIVE Sell transaction on April 20, 2018, the stock climbed by 27.7%. In addition to Michael Romanko, one other FIVE executive reported Sell trades in the last month.

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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 $296 million and quarterly net profit of $21.8 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $8.39 million. FIVE’s market cap is $5.65B and the company has a P/E ratio of 48.81. Currently, Five Below Inc has an average volume of 857.3K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.33, reflecting a 2.6% upside. Three different firms, including B.Riley FBR and Goldman Sachs, currently also have a Sell rating on the stock.

The insider sentiment on Five Below Inc has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.