Victory Capital Management Inc. boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,048,300 shares of the specialty retailer’s stock after purchasing an additional 13,564 shares during the quarter. Victory Capital Management Inc. owned approximately 1.90% of Five Below worth $57,531,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FIVE. BlackRock Inc. lifted its position in shares of Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after acquiring an additional 6,800,982 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after acquiring an additional 235,589 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Five Below by 2.7% in the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock valued at $96,225,000 after acquiring an additional 52,041 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Five Below by 27.3% in the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after acquiring an additional 367,235 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Five Below by 2.8% in the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock valued at $70,796,000 after acquiring an additional 38,532 shares in the last quarter.
Several equities analysts recently weighed in on FIVE shares. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 target price on shares of Five Below in a research report on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of Five Below in a research report on Friday. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wells Fargo & Company started coverage on Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price target for the company. Finally, Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Five Below has an average rating of “Buy” and an average target price of $55.66.
Shares of Five Below, Inc. (NASDAQ FIVE) opened at $58.03 on Tuesday. Five Below, Inc. has a 1-year low of $36.90 and a 1-year high of $58.56. The stock has a market capitalization of $3,175.64, a P/E ratio of 39.68, a P/E/G ratio of 1.21 and a beta of 0.80.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The firm had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. sell-side analysts anticipate that Five Below, Inc. will post 1.66 earnings per share for the current year.
In other news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now directly owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.92% of the stock is currently owned by company insiders.
About Five Below
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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