Penn Capital Management Co. Inc. lessened its position in shares of Five Below Inc (NASDAQ:FIVE) by 25.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,476 shares of the specialty retailer’s stock after selling 20,074 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Five Below were worth $8,209,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in Five Below in the 1st quarter valued at $31,000. TCI Wealth Advisors Inc. boosted its stake in Five Below by 270.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Somerset Trust Co boosted its stake in Five Below by 602.5% in the 4th quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 241 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in Five Below in the 4th quarter valued at $41,000. Finally, Quadrant Capital Group LLC boosted its stake in Five Below by 74.2% in the 1st quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 198 shares in the last quarter. 95.76% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the company. BidaskClub downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine downgraded Five Below from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Bank of America assumed coverage on Five Below in a research report on Monday, April 15th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Finally, Buckingham Research lifted their price objective on Five Below from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $129.10.
Shares of FIVE stock traded down $0.71 on Wednesday, reaching $126.83. 2,935 shares of the stock were exchanged, compared to its average volume of 898,068. The company has a market cap of $7.05 billion, a P/E ratio of 49.26, a PEG ratio of 1.43 and a beta of 0.67. Five Below Inc has a one year low of $69.96 and a one year high of $148.21.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The company had revenue of $602.68 million during the quarter, compared to the consensus estimate of $601.53 million. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, analysts predict that Five Below Inc will post 3.06 EPS for the current year.
In related news, CEO Joel D. Anderson sold 30,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the sale, the chief executive officer now owns 192,174 shares in the company, valued at $25,186,324.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen S. Barclay sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $140.86, for a total value of $352,150.00. Following the completion of the sale, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,850,196.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is currently owned by corporate insiders.
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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 nail polishes, lip glosses, fragrances, 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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