Russell Investments Group Ltd. reduced its holdings in Five Below, Inc. (NASDAQ:FIVE) by 18.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 119,830 shares of the specialty retailer’s stock after selling 26,935 shares during the quarter. Russell Investments Group Ltd.’s holdings in Five Below were worth $20,839,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of FIVE. Montag & Caldwell LLC lifted its position in shares of Five Below by 1,641.2% in the 4th quarter. Montag & Caldwell LLC now owns 179,052 shares of the specialty retailer’s stock worth $31,330,000 after buying an additional 168,769 shares during the last quarter. Columbus Circle Investors bought a new stake in Five Below in the 3rd quarter valued at about $18,421,000. Chilton Investment Co. LLC lifted its position in Five Below by 36.7% in the 3rd quarter. Chilton Investment Co. LLC now owns 511,881 shares of the specialty retailer’s stock valued at $65,009,000 after purchasing an additional 137,543 shares during the last quarter. Morgan Stanley lifted its position in Five Below by 37.7% in the 3rd quarter. Morgan Stanley now owns 479,765 shares of the specialty retailer’s stock valued at $60,930,000 after purchasing an additional 131,324 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Five Below by 422.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 146,053 shares of the specialty retailer’s stock valued at $666,000 after purchasing an additional 118,103 shares during the last quarter.
Shares of FIVE opened at $190.29 on Tuesday. The firm’s 50 day moving average is $186.90 and its 200-day moving average is $150.37. The stock has a market capitalization of $10.63 billion, a P/E ratio of 97.58, a P/E/G ratio of 4.44 and a beta of 1.19. Five Below, Inc. has a 12-month low of $47.53 and a 12-month high of $198.10.
Five Below (NASDAQ:FIVE) last released its earnings results on Tuesday, December 1st. The specialty retailer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $476.61 million for the quarter, compared to the consensus estimate of $444.91 million. Five Below had a net margin of 6.13% and a return on equity of 14.72%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, equities research analysts forecast that Five Below, Inc. will post 2.11 earnings per share for the current fiscal year.
FIVE has been the topic of several recent research reports. Guggenheim lifted their price objective on shares of Five Below from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. Smith Barney Citigroup lifted their price objective on shares of Five Below from $140.00 to $180.00 in a research report on Thursday, December 3rd. Oppenheimer reiterated a “buy” rating and issued a $195.00 price objective (up from $140.00) on shares of Five Below in a research report on Friday, December 11th. UBS Group raised their target price on shares of Five Below from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday, November 24th. Finally, Telsey Advisory Group raised shares of Five Below from a “market perform” rating to an “outperform” rating and raised their target price for the company from $160.00 to $220.00 in a research note on Wednesday, January 13th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $174.04.
In other news, EVP George Hill sold 5,000 shares of Five Below stock in a transaction that occurred on Tuesday, December 8th. The shares were sold at an average price of $161.80, for a total value of $809,000.00. Following the transaction, the executive vice president now directly owns 17,148 shares of the company’s stock, valued at $2,774,546.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth R. Bull sold 10,500 shares of Five Below stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $192.50, for a total transaction of $2,021,250.00. Following the completion of the transaction, the chief financial officer now directly owns 77,010 shares in the company, valued at $14,824,425. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,961 shares of company stock worth $13,844,509. 2.40% of the stock is currently owned by insiders.
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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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