GW&K Investment Management LLC lowered its stake in shares of Five Below Inc (NASDAQ:FIVE) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,023,256 shares of the specialty retailer’s stock after selling 248,594 shares during the quarter. Five Below comprises approximately 1.2% of GW&K Investment Management LLC’s holdings, making the stock its 7th largest holding. GW&K Investment Management LLC owned 1.85% of Five Below worth $67,862,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in FIVE. Raymond James Trust N.A. bought a new position in Five Below during the second quarter worth $205,000. Miles Capital Inc. bought a new position in Five Below during the second quarter worth $210,000. Riverhead Capital Management LLC increased its position in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after acquiring an additional 1,829 shares during the period. Everence Capital Management Inc. bought a new position in Five Below during the third quarter worth $215,000. Finally, Montag & Caldwell LLC bought a new position in Five Below during the third quarter worth $217,000.
In other news, Director Ronald Sargent sold 80,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the sale, the director now owns 29,429 shares in the company, valued at approximately $1,930,248.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric M. Specter sold 15,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the sale, the insider now owns 13,883 shares in the company, valued at approximately $931,271.64. The disclosure for this sale can be found here. Insiders sold a total of 143,400 shares of company stock worth $9,474,401 in the last three months. Insiders own 3.22% of the company’s stock.
Shares of Five Below Inc (NASDAQ FIVE) traded up $0.73 during trading on Friday, reaching $67.52. 677,718 shares of the company’s stock traded hands, compared to its average volume of 1,150,000. The company has a market cap of $3,730.00, a price-to-earnings ratio of 44.13, a PEG ratio of 1.29 and a beta of 0.84. Five Below Inc has a 12-month low of $37.14 and a 12-month high of $73.55.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The firm had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. analysts expect that Five Below Inc will post 1.81 earnings per share for the current fiscal year.
FIVE has been the topic of a number of research reports. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Wells Fargo & Co initiated coverage on shares of Five Below in a research report on Friday, November 3rd. They set an “outperform” rating and a $65.00 target price on the stock. Zacks Investment Research lowered shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research report on Friday, November 10th. Finally, Loop Capital lowered shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and an average target price of $64.33.
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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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