First Trust Advisors LP Grows Stake in Five Below Inc (FIVE)

First Trust Advisors LP grew its position in Five Below Inc (NASDAQ:FIVE) by 59.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,346 shares of the specialty retailer’s stock after buying an additional 14,661 shares during the quarter. First Trust Advisors LP owned 0.07% of Five Below worth $2,159,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC grew its holdings in Five Below by 5.1% in the 1st quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after buying an additional 4,479 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Five Below in the 1st quarter valued at about $3,175,000. LS Investment Advisors LLC lifted its stake in shares of Five Below by 0.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 39 shares in the last quarter. US Bancorp DE lifted its stake in shares of Five Below by 25.9% in the 2nd quarter. US Bancorp DE now owns 67,971 shares of the specialty retailer’s stock valued at $3,355,000 after purchasing an additional 13,966 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Five Below in the 2nd quarter valued at about $723,000.

Five Below Inc (NASDAQ FIVE) opened at $65.00 on Tuesday. The firm has a market capitalization of $3,397.51, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.21 and a beta of 0.85. Five Below Inc has a 52-week low of $36.90 and a 52-week high of $65.48.

Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The business’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. equities research analysts anticipate that Five Below Inc will post 1.78 EPS for the current fiscal year.

In other news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.92% of the company’s stock.

FIVE has been the topic of several analyst reports. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Dougherty & Co reiterated a “buy” rating on shares of Five Below in a report on Friday, August 18th. Jefferies Group reiterated a “buy” rating and issued a $62.00 price target on shares of Five Below in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, August 23rd. Finally, Loop Capital set a $60.00 price objective on Five Below and gave the stock a “buy” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Five Below currently has a consensus rating of “Buy” and an average target price of $60.91.

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Five Below Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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