Penn Capital Management Co. Inc. Has $7.86 Million Holdings in Five Below Inc (FIVE)

Penn Capital Management Co. Inc. decreased its position in Five Below Inc (NASDAQ:FIVE) by 43.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 118,360 shares of the specialty retailer’s stock after selling 92,616 shares during the period. Penn Capital Management Co. Inc.’s holdings in Five Below were worth $7,861,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after buying an additional 943 shares during the last quarter. M&T Bank Corp purchased a new stake in Five Below in the 4th quarter valued at about $211,000. Everence Capital Management Inc. purchased a new stake in Five Below in the 3rd quarter valued at about $215,000. Montag & Caldwell LLC purchased a new stake in Five Below in the 3rd quarter valued at about $217,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Five Below by 25.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 933 shares during the last quarter.

Several equities research analysts have commented on the stock. MKM Partners increased their price objective on shares of Five Below to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, January 3rd. Morgan Stanley raised their price target on shares of Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 27th. Jefferies Group restated a “buy” rating and set a $85.00 price target on shares of Five Below in a research note on Monday, January 8th. Finally, Dougherty & Co raised their price target on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.33.

In related news, Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the transaction, the insider now directly owns 13,883 shares of the company’s stock, valued at $931,271.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,400 shares of company stock valued at $9,474,401. 3.22% of the stock is owned by insiders.

Five Below Inc (FIVE) opened at $66.92 on Friday. The company has a market cap of $3,696.33, a P/E ratio of 43.74, a P/E/G ratio of 0.95 and a beta of 0.67. Five Below Inc has a fifty-two week low of $37.14 and a fifty-two week high of $73.55.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. Five Below’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. equities analysts predict that Five Below Inc will post 1.81 EPS for the current year.

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Five Below 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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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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