Advisor Partners LLC purchased a new position in Five Below Inc (NASDAQ:FIVE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,694 shares of the specialty retailer’s stock, valued at approximately $220,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its position in shares of Five Below by 1,598.1% during the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock worth $119,000 after purchasing an additional 863 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Five Below during the second quarter worth $164,000. Tower Research Capital LLC TRC bought a new stake in shares of Five Below during the second quarter worth $176,000. Cerebellum GP LLC bought a new stake in shares of Five Below during the third quarter worth $184,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Five Below during the second quarter worth $201,000.
In other news, Director Daniel Kaufman sold 3,995 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total transaction of $532,054.10. Following the transaction, the director now owns 5,047 shares in the company, valued at $672,159.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Romanko sold 3,308 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the transaction, the executive vice president now owns 18,092 shares in the company, valued at approximately $2,279,592. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,303 shares of company stock worth $2,346,022. Insiders own 2.60% of the company’s stock.
Shares of Five Below stock opened at $120.86 on Friday. The firm has a market cap of $6.88 billion, a PE ratio of 67.52, a PEG ratio of 1.62 and a beta of 0.57. Five Below Inc has a 12 month low of $57.72 and a 12 month high of $136.13.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $347.73 million for the quarter, compared to analyst estimates of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, analysts forecast that Five Below Inc will post 2.54 EPS for the current year.
FIVE has been the subject of several research analyst reports. Zacks Investment Research downgraded Five Below from a “buy” rating to a “sell” rating in a research report on Tuesday, August 7th. Morgan Stanley lifted their target price on Five Below from $94.00 to $103.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. JPMorgan Chase & Co. lifted their target price on Five Below to $150.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Telsey Advisory Group initiated coverage on Five Below in a research report on Wednesday, October 24th. They set a “market perform” rating and a $120.00 target price for the company. Finally, MKM Partners lifted their target price on Five Below to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $115.44.
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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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