Xact Kapitalforvaltning AB acquired a new position in shares of Five Below (NASDAQ:FIVE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,509 shares of the specialty retailer’s stock, valued at approximately $365,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Five Below by 66.0% during the third quarter. JPMorgan Chase & Co. now owns 5,269 shares of the specialty retailer’s stock worth $288,000 after buying an additional 2,094 shares during the period. Swiss National Bank increased its position in shares of Five Below by 3.7% during the fourth quarter. Swiss National Bank now owns 94,959 shares of the specialty retailer’s stock worth $6,298,000 after buying an additional 3,400 shares during the period. California Public Employees Retirement System increased its position in shares of Five Below by 8.8% during the fourth quarter. California Public Employees Retirement System now owns 111,342 shares of the specialty retailer’s stock worth $7,384,000 after buying an additional 8,972 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Five Below during the fourth quarter worth $4,516,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Five Below by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 301,656 shares of the specialty retailer’s stock worth $16,555,000 after buying an additional 11,140 shares during the period.
NASDAQ:FIVE opened at $70.70 on Monday. The firm has a market capitalization of $3,922.14, a price-to-earnings ratio of 39.06, a P/E/G 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 posted 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. The business had revenue of $505.00 million during 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%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. equities analysts predict that Five Below will post 2.4 EPS for the current fiscal year.
Five Below announced that its board has approved a share repurchase program on Wednesday, March 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
Several equities research analysts have recently weighed in on the stock. Jefferies Group reiterated a “buy” rating and set a $85.00 price objective on shares of Five Below in a research report on Monday, January 8th. MKM Partners increased their price objective on shares of Five Below from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to an “accumulate” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research cut shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.09.
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About Five Below
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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