ETRADE Capital Management LLC boosted its position in Five Below Inc (NASDAQ:FIVE) by 46.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,298 shares of the specialty retailer’s stock after acquiring an additional 3,914 shares during the period. ETRADE Capital Management LLC’s holdings in Five Below were worth $866,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Five Below by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 535,205 shares of the specialty retailer’s stock valued at $68,432,000 after acquiring an additional 96,243 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Five Below by 103.5% in the fourth quarter. Alliancebernstein L.P. now owns 3,148,471 shares of the specialty retailer’s stock valued at $402,564,000 after buying an additional 1,600,943 shares during the period. Comerica Bank lifted its stake in Five Below by 6.4% in the fourth quarter. Comerica Bank now owns 45,132 shares of the specialty retailer’s stock valued at $5,295,000 after buying an additional 2,700 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Five Below by 141.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the specialty retailer’s stock valued at $394,000 after buying an additional 1,807 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in Five Below in the first quarter valued at about $13,067,000.
Several equities analysts have weighed in on FIVE shares. BidaskClub raised Five Below from a “sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Cfra cut their target price on Five Below from $145.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Guggenheim increased their target price on Five Below from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Goldman Sachs Group assumed coverage on Five Below in a research report on Monday, May 18th. They set a “neutral” rating and a $89.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on Five Below from $66.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $104.82.
Shares of Five Below stock opened at $99.55 on Friday. The business’s 50 day simple moving average is $83.34 and its 200 day simple moving average is $104.34. Five Below Inc has a 52-week low of $47.53 and a 52-week high of $137.96. The firm has a market cap of $5.42 billion, a PE ratio of 31.91, a P/E/G ratio of 2.19 and a beta of 1.13. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 1.89.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 18th. The specialty retailer reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.03. Five Below had a return on equity of 24.91% and a net margin of 9.48%. The business had revenue of $687.13 million for the quarter, compared to analyst estimates of $687.20 million. During the same quarter last year, the firm earned $1.58 EPS. Five Below’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Five Below Inc will post 2.28 EPS for the current 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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