Stifel Financial Corp lifted its stake in Five Below Inc (NASDAQ:FIVE) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,632 shares of the specialty retailer’s stock after acquiring an additional 2,018 shares during the period. Stifel Financial Corp’s holdings in Five Below were worth $959,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in shares of Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after acquiring an additional 412,641 shares during the period. Wasatch Advisors Inc. boosted its stake in Five Below by 2.7% during the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock valued at $96,225,000 after buying an additional 52,041 shares during the period. State Street Corp boosted its stake in Five Below by 2.8% during the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock valued at $70,796,000 after buying an additional 38,532 shares during the period. Dimensional Fund Advisors LP boosted its stake in Five Below by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock valued at $64,914,000 after buying an additional 30,368 shares during the period. Finally, Oak Ridge Investments LLC boosted its stake in Five Below by 0.8% during the second quarter. Oak Ridge Investments LLC now owns 1,064,249 shares of the specialty retailer’s stock valued at $52,542,000 after buying an additional 8,498 shares during the period.
Several research firms recently issued reports on FIVE. MKM Partners lifted their price objective on Five Below to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank raised Five Below from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, January 3rd. Morgan Stanley lifted their price objective on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 27th. Jefferies Group reissued a “buy” rating and set a $85.00 price objective on shares of Five Below in a research note on Monday. Finally, Dougherty & Co lifted their price objective on Five Below from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and a consensus price target of $64.33.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The business had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. analysts forecast that Five Below Inc will post 1.78 earnings per share for the current fiscal year.
In other news, Director Ronald Sargent sold 80,000 shares of Five Below stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total value of $5,247,200.00. Following the transaction, the director now owns 29,429 shares in the company, valued at $1,930,248.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the transaction, 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 have sold 143,400 shares of company stock worth $9,474,401 in the last 90 days. Company insiders own 2.92% of the company’s stock.
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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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