Oak Ridge Investments LLC trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 721,690 shares of the specialty retailer’s stock after selling 342,559 shares during the period. Five Below comprises 1.6% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 13th largest position. Oak Ridge Investments LLC owned 1.31% of Five Below worth $39,606,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. First Mercantile Trust Co. lifted its position in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 40 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Five Below during the third quarter valued at approximately $215,000. Montag & Caldwell LLC acquired a new position in Five Below during the third quarter valued at approximately $217,000. Raymond James Trust N.A. acquired a new position in Five Below during the second quarter valued at approximately $205,000. Finally, Strs Ohio lifted its position in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after buying an additional 1,200 shares in the last quarter.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.22% of the company’s stock.
A number of research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, August 23rd. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Five Below in a research report on Thursday, August 31st. Finally, Loop Capital set a $60.00 target price on shares of Five Below and gave the stock a “buy” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.66.
Five Below, Inc. (NASDAQ FIVE) traded down $0.42 on Thursday, reaching $57.93. 513,400 shares of the company traded hands, compared to its average volume of 1,079,028. The firm has a market capitalization of $3,220.90, a PE ratio of 40.24, a PEG ratio of 1.23 and a beta of 0.80. Five Below, Inc. has a 1 year low of $36.90 and a 1 year high of $58.69.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. sell-side analysts expect that Five Below, Inc. will post 1.66 EPS for the current year.
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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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