Flinton Capital Management LLC raised its holdings in Five Below, Inc. (NASDAQ:FIVE) by 74.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,916 shares of the specialty retailer’s stock after acquiring an additional 2,516 shares during the quarter. Flinton Capital Management LLC’s holdings in Five Below were worth $292,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FIVE. Schwab Charles Investment Management Inc. increased its position in shares of Five Below by 9.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after buying an additional 25,041 shares during the period. Legal & General Group Plc increased its position in shares of Five Below by 11.7% during the second quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock worth $5,239,000 after buying an additional 11,110 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Five Below during the first quarter worth $1,321,000. Quantitative Systematic Strategies LLC increased its position in shares of Five Below by 91.4% during the second quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after buying an additional 5,584 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Five Below by 82.4% during the second quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after buying an additional 79,480 shares during the period.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 757,823 shares in the company, valued at approximately $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.22% of the stock is currently owned by corporate insiders.
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Five Below, Inc. (NASDAQ:FIVE) opened at 54.99 on Friday. Five Below, Inc. has a 52-week low of $35.03 and a 52-week high of $57.65. The company’s 50 day moving average is $51.70 and its 200-day moving average is $49.32. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 37.98 and a beta of 0.90.
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 company had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. Five Below’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Equities analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current fiscal year.
FIVE has been the subject of several recent analyst reports. Loop Capital reiterated a “buy” rating and set a $60.00 price objective on shares of Five Below in a research report on Friday, June 30th. Deutsche Bank AG reiterated a “hold” rating and set a $54.00 price objective (up from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Zacks Investment Research cut shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price objective on shares of Five Below in a research report on Wednesday, August 23rd. Finally, BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Five Below presently 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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