New York State Common Retirement Fund reduced its stake in Five Below Inc (NASDAQ:FIVE) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,976 shares of the specialty retailer’s stock after selling 10,123 shares during the period. New York State Common Retirement Fund owned about 0.27% of Five Below worth $8,231,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC boosted its holdings in Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after acquiring an additional 412,641 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Five Below by 42.2% during the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after purchasing an additional 230,191 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in shares of Five Below by 1,392.6% during the second quarter. OxFORD Asset Management LLP now owns 171,371 shares of the specialty retailer’s stock valued at $8,461,000 after purchasing an additional 159,890 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Five Below during the second quarter valued at $5,540,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Five Below by 28.6% during the second quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after purchasing an additional 110,050 shares in the last quarter.
Five Below Inc (NASDAQ:FIVE) traded down $1.19 on Friday, reaching $66.93. The company’s stock had a trading volume of 899,200 shares, compared to its average volume of 1,430,000. Five Below Inc has a one year low of $37.14 and a one year high of $73.55. The stock has a market cap of $3,700.00, a P/E ratio of 43.75, a P/E/G ratio of 1.33 and a beta of 0.84.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. research analysts expect that Five Below Inc will post 1.79 EPS for the current fiscal year.
In other news, CEO Joel D. Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the transaction, the chief executive officer now owns 127,693 shares of the company’s stock, valued at approximately $8,555,431. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Sargent sold 80,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the transaction, the director now directly owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The disclosure for this sale can be found here. Insiders sold a total of 143,400 shares of company stock valued at $9,474,401 in the last three months. Insiders own 3.22% of the company’s stock.
FIVE has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Five Below in a research report on Friday, November 10th. Zacks Investment Research cut Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Wells Fargo & Co began coverage on Five Below in a research report on Friday, November 3rd. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Morgan Stanley increased their target price on Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and an average target price of $64.33.
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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.
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