Campbell & CO Investment Adviser LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,141 shares of the specialty retailer’s stock, valued at approximately $254,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake 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 buying an additional 6,800,982 shares in the last quarter. Vanguard Group Inc. increased its stake 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 buying an additional 235,589 shares in the last quarter. State Street Corp increased its stake in shares of Five Below by 6.1% in the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock valued at $60,437,000 after buying an additional 79,961 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Five Below by 5.2% in the second quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock valued at $62,833,000 after buying an additional 62,358 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Five Below during the first quarter valued at about $31,188,000.
Five Below, Inc. (NASDAQ FIVE) traded up 0.43% during trading on Friday, reaching $48.50. The company had a trading volume of 340,674 shares. The firm has a 50-day moving average price of $47.96 and a 200 day moving average price of $45.64. The stock has a market cap of $2.67 billion, a P/E ratio of 36.49 and a beta of 0.94. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13.
Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Zacks’ 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 previous year, the business earned $0.12 EPS. The business’s revenue was up 20.9% on a year-over-year basis. Equities research analysts predict that Five Below, Inc. will post $1.64 EPS for the current fiscal year.
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Several analysts recently issued reports on the company. UBS AG increased their price target on Five Below from $50.00 to $59.00 and gave the company a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. BTIG Research reiterated a “neutral” rating on shares of Five Below in a report on Saturday, June 3rd. Loop Capital reiterated a “buy” rating and issued a $60.00 price target (up from $54.00) on shares of Five Below in a report on Friday, June 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 price target (up from $52.00) on shares of Five Below in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Five Below has a consensus rating of “Buy” and a consensus price target of $53.74.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.22% of the company’s stock.
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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