Iberiabank Corp lowered its position in Five Below Inc (NASDAQ:FIVE) by 83.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,966 shares of the specialty retailer’s stock after selling 19,920 shares during the quarter. Iberiabank Corp’s holdings in Five Below were worth $516,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of FIVE. FMR LLC lifted its holdings in Five Below by 105.4% in the 2nd quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after buying an additional 1,168,796 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Five Below by 451.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,382,400 shares of the specialty retailer’s stock worth $135,074,000 after buying an additional 1,131,700 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Five Below by 1,022.2% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 231,595 shares of the specialty retailer’s stock worth $22,629,000 after buying an additional 210,958 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in Five Below in the 2nd quarter worth $17,603,000. Finally, Wells Fargo & Company MN lifted its holdings in Five Below by 25.9% in the 2nd quarter. Wells Fargo & Company MN now owns 812,560 shares of the specialty retailer’s stock worth $79,395,000 after buying an additional 167,185 shares in the last quarter.
In other Five Below news, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the completion of the transaction, the executive vice president now owns 18,092 shares in the company, valued at approximately $2,279,592. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Vellios sold 60,000 shares of the company’s stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $103.18, for a total transaction of $6,190,800.00. Following the completion of the transaction, the director now owns 661,977 shares of the company’s stock, valued at approximately $68,302,786.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,232 shares of company stock valued at $12,919,564. Insiders own 2.60% of the company’s stock.
Shares of Five Below stock opened at $114.58 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of 64.01, a P/E/G ratio of 1.71 and a beta of 0.44. Five Below Inc has a 1 year low of $54.71 and a 1 year high of $136.13.
Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The business had revenue of $347.73 million for the quarter, compared to analyst estimates of $334.82 million. During the same quarter in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Sell-side analysts forecast that Five Below Inc will post 2.54 earnings per share for the current year.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. Buckingham Research upped their target price on shares of Five Below from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Credit Suisse Group upped their target price on shares of Five Below from $96.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Deutsche Bank upped their target price on shares of Five Below to $136.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, Barclays restated a “hold” rating and issued a $128.00 target price on shares of Five Below in a research note on Sunday, September 9th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $115.18.
Five Below Company 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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