State Street Corp raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,395,427 shares of the specialty retailer’s stock after buying an additional 79,961 shares during the period. State Street Corp owned 2.54% of Five Below worth $60,437,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after buying an additional 6,800,982 shares during the period. Vanguard Group Inc. increased its position in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after buying an additional 235,589 shares during the period. TimesSquare Capital Management LLC acquired a new position in Five Below during the first quarter worth $31,188,000. FMR LLC increased its position in Five Below by 111.2% in the first quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock worth $30,970,000 after buying an additional 376,527 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Five Below by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 700,149 shares of the specialty retailer’s stock worth $30,322,000 after buying an additional 18,631 shares during the period.
Shares of Five Below, Inc. (FIVE) opened at 46.87 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 35.27 and a beta of 0.95. Five Below, Inc. has a 1-year low of $35.03 and a 1-year high of $54.13. The stock’s 50 day moving average is $48.86 and its 200-day moving average is $44.78.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million during the quarter, compared to analyst estimates of $230.75 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. Analysts expect that Five Below, Inc. will post $1.64 earnings per share for the current year.
FIVE has been the subject of a number of analyst reports. Jefferies Group LLC raised their target price on shares of Five Below from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 target price (up previously from $48.00) on shares of Five Below in a research report on Tuesday, May 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 target price (up previously from $47.00) on shares of Five Below in a research report on Saturday, June 3rd. Guggenheim reaffirmed a “buy” rating and issued a $60.00 target price (up previously from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. Finally, Vetr raised shares of Five Below from a “hold” rating to a “buy” rating and set a $47.56 target price for the company in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.74.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares in the company, valued at approximately $4,125,721.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.22% of the company’s stock.
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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