NJ State Employees Deferred Compensation Plan boosted its position in Five Below Inc (NASDAQ:FIVE) by 11.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the specialty retailer’s stock after purchasing an additional 400 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Five Below were worth $480,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in shares of Five Below during the second quarter valued at about $80,000. Waratah Capital Advisors Ltd. acquired a new position in Five Below in the 2nd quarter worth approximately $1,210,000. World Asset Management Inc increased its holdings in Five Below by 21.0% in the 2nd quarter. World Asset Management Inc now owns 3,167 shares of the specialty retailer’s stock worth $380,000 after buying an additional 550 shares during the period. Cim LLC increased its holdings in Five Below by 5.7% in the 2nd quarter. Cim LLC now owns 10,467 shares of the specialty retailer’s stock worth $1,256,000 after buying an additional 569 shares during the period. Finally, FDx Advisors Inc. increased its holdings in Five Below by 23.9% in the 2nd quarter. FDx Advisors Inc. now owns 9,018 shares of the specialty retailer’s stock worth $1,082,000 after buying an additional 1,741 shares during the period. Institutional investors and hedge funds own 95.38% of the company’s stock.
In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total value of $924,313.39. Following the sale, the chief financial officer now owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
Several equities analysts recently weighed in on FIVE shares. Credit Suisse Group increased their price target on shares of Five Below from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Five Below from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $133.00 to $150.00 in a report on Thursday, April 11th. Bank of America reiterated a “buy” rating and issued a $150.00 price target on shares of Five Below in a report on Thursday, June 6th. Morgan Stanley started coverage on shares of Five Below in a report on Monday, July 1st. They issued an “overweight” rating and a $135.00 price target on the stock. Finally, UBS Group increased their price target on shares of Five Below from $120.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $134.89.
Five Below stock traded down $0.90 during mid-day trading on Friday, hitting $109.23. The company had a trading volume of 1,354,887 shares, compared to its average volume of 800,761. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. Five Below Inc has a 12-month low of $86.57 and a 12-month high of $148.21. The firm’s fifty day moving average is $124.89. The stock has a market cap of $6.16 billion, a P/E ratio of 42.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64.
Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The business had revenue of $364.76 million for the quarter, compared to analyst estimates of $362.28 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts expect that Five Below Inc will post 3.06 earnings per share for the current fiscal year.
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 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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