Alliancebernstein L.P. lessened its stake in Five Below, Inc. (NASDAQ:FIVE) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,456,653 shares of the specialty retailer’s stock after selling 178,769 shares during the quarter. Alliancebernstein L.P. owned 4.46% of Five Below worth $121,285,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its holdings in Five Below by 2.4% during the fourth quarter. Teachers Advisors LLC now owns 88,147 shares of the specialty retailer’s stock worth $3,522,000 after purchasing an additional 2,069 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Five Below by 30.5% during the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 540 shares during the last quarter. Strs Ohio boosted its holdings in Five Below by 30.4% during the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after purchasing an additional 700 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Five Below by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 247,111 shares of the specialty retailer’s stock worth $10,703,000 after purchasing an additional 15,199 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Five Below by 6.2% during the first quarter. Great West Life Assurance Co. Can now owns 77,466 shares of the specialty retailer’s stock worth $3,354,000 after acquiring an additional 4,548 shares in the last quarter.
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Five Below, Inc. (FIVE) traded down 0.08% during midday trading on Friday, reaching $49.59. 647,268 shares of the company traded hands. The stock’s 50 day moving average is $49.07 and its 200 day moving average is $47.35. Five Below, Inc. has a one year low of $35.03 and a one year high of $54.13. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 34.25 and a beta of 0.93.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities analysts anticipate that Five Below, Inc. will post $1.67 earnings per share for the current year.
Several analysts have issued reports on FIVE shares. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, May 23rd. MKM Partners reaffirmed a “buy” rating and set a $57.00 price target (up from $51.00) on shares of Five Below in a research report on Thursday, June 1st. UBS AG lowered shares of Five Below from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $59.00 to $52.00 in a research report on Monday, July 10th. Royal Bank Of Canada increased their price objective on shares of Five Below from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (up from $40.00) on shares of Five Below in a research report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.15.
Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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