Employees Retirement System of Texas lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 29.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,000 shares of the specialty retailer’s stock after purchasing an additional 8,000 shares during the quarter. Employees Retirement System of Texas owned about 0.06% of Five Below worth $1,728,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Five Below by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after purchasing an additional 25,041 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Five Below by 11.7% in the second quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock worth $5,239,000 after purchasing an additional 11,110 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Five Below in the first quarter worth about $1,321,000. Quantitative Systematic Strategies LLC increased its holdings in shares of Five Below by 91.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after purchasing an additional 5,584 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Five Below by 82.4% in the second quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after purchasing an additional 79,480 shares during the last quarter.
Shares of Five Below, Inc. (NASDAQ FIVE) opened at 54.99 on Friday. The company has a market capitalization of $3.04 billion, a PE ratio of 37.98 and a beta of 0.90. The firm’s 50-day moving average price is $51.70 and its 200 day moving average price is $49.32. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $57.65.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Equities analysts predict that Five Below, Inc. will post $1.67 EPS for the current year.
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In other news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is owned by company insiders.
Several brokerages have recently issued reports on FIVE. Royal Bank Of Canada lifted their target price on Five Below from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, August 23rd. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 target price on shares of Five Below in a report on Thursday, August 31st. Finally, Loop Capital set a $60.00 target price on Five Below and gave the stock a “buy” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.41.
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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