Teachers Advisors LLC boosted its position in Five Below (NASDAQ:FIVE) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 98,887 shares of the specialty retailer’s stock after purchasing an additional 2,048 shares during the period. Teachers Advisors LLC’s holdings in Five Below were worth $6,558,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Wasatch Advisors Inc. grew its position in Five Below by 7.5% in the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Five Below by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock worth $64,914,000 after purchasing an additional 30,368 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Five Below during the 4th quarter valued at approximately $69,990,000. Bank of New York Mellon Corp grew its position in shares of Five Below by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 655,889 shares of the specialty retailer’s stock valued at $43,499,000 after acquiring an additional 2,770 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Five Below by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 498,654 shares of the specialty retailer’s stock valued at $33,070,000 after acquiring an additional 9,397 shares during the period.
FIVE has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 27th. Jefferies Group reissued a “buy” rating and set a $85.00 target price on shares of Five Below in a research report on Monday, January 8th. Dougherty & Co increased their target price on shares of Five Below from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Five Below from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Deutsche Bank raised shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.09.
Shares of FIVE stock opened at $70.70 on Friday. The company has a market cap of $3,922.15, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. Five Below has a 12 month low of $43.68 and a 12 month high of $73.86.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $505.00 million for the quarter, compared to analysts’ expectations of $502.74 million. Five Below had a net margin of 8.02% and a return on equity of 26.00%. Five Below’s revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. research analysts predict that Five Below will post 2.4 earnings per share for the current fiscal year.
Five Below announced that its Board of Directors has approved a share buyback plan on Wednesday, March 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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Five Below Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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