Louisiana State Employees Retirement System grew its position in shares of Five Below Inc (NASDAQ:FIVE) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,900 shares of the specialty retailer’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Five Below were worth $1,851,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of FIVE. Congress Asset Management Co. MA lifted its holdings in Five Below by 633.8% during the 4th quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock worth $87,622,000 after purchasing an additional 739,646 shares in the last quarter. Norges Bank purchased a new stake in Five Below during the 4th quarter worth about $54,154,000. Columbus Circle Investors lifted its holdings in Five Below by 219.8% during the 4th quarter. Columbus Circle Investors now owns 417,511 shares of the specialty retailer’s stock worth $42,720,000 after purchasing an additional 286,974 shares in the last quarter. Vanguard Group Inc lifted its holdings in Five Below by 5.4% during the 3rd quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Five Below by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares in the last quarter. 95.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ FIVE opened at $137.78 on Wednesday. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. Five Below Inc has a twelve month low of $69.37 and a twelve month high of $138.99.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $602.68 million for the quarter, compared to analyst estimates of $601.53 million. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. On average, equities analysts predict that Five Below Inc will post 3.06 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on FIVE. Buckingham Research increased their price objective on Five Below from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley increased their price objective on Five Below from $118.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Credit Suisse Group increased their price objective on Five Below from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. They noted that the move was a valuation call. Finally, Bank of America began coverage on Five Below in a report on Monday. They set a “buy” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $127.90.
In other news, CEO Joel D. Anderson sold 30,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the transaction, the chief executive officer now directly owns 192,174 shares in the company, valued at approximately $25,186,324.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Romanko sold 7,881 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $134.00, for a total value of $1,056,054.00. Following the transaction, the executive vice president now owns 27,907 shares in the company, valued at $3,739,538. The disclosure for this sale can be found here. Insiders sold a total of 52,881 shares of company stock worth $6,991,854 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.
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 beauty products comprising nail polish, lip gloss, fragrance, 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 décor, and related items, as well as provides storage options for the customers room.
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