MetLife Investment Advisors LLC purchased a new stake in Five Below Inc (NASDAQ:FIVE) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 24,317 shares of the specialty retailer’s stock, valued at approximately $1,613,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in Five Below in the 4th quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 943 shares during the last quarter. M&T Bank Corp bought a new stake in Five Below in the 4th quarter valued at $211,000. Wedbush Securities Inc. bought a new stake in Five Below in the 4th quarter valued at $214,000. Finally, MML Investors Services LLC bought a new stake in Five Below in the 4th quarter valued at $238,000.
FIVE stock opened at $70.70 on Friday. Five Below Inc has a 12 month low of $43.68 and a 12 month high of $73.86. The stock has a market cap of $3,988.71, a P/E ratio of 39.50, a PEG ratio of 1.14 and a beta of 0.58.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The firm had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $502.74 million. During the same period in the previous year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. analysts predict that Five Below Inc will post 2.4 earnings per share for the current year.
Five Below declared that its board has approved a share repurchase program on Wednesday, March 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
A number of brokerages have issued reports on FIVE. Loop Capital lifted their price target on shares of Five Below from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, March 22nd. ValuEngine upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Gordon Haskett upgraded shares of Five Below from a “hold” rating to an “accumulate” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Morgan Stanley boosted their target price on shares of Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.09.
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Five Below Company 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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