Executive Wealth Management LLC raised its stake in Five Below Inc (NASDAQ:FIVE) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,980 shares of the specialty retailer’s stock after acquiring an additional 936 shares during the quarter. Executive Wealth Management LLC’s holdings in Five Below were worth $1,438,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of FIVE. Hayden Royal LLC bought a new position in Five Below in the 2nd quarter valued at approximately $201,000. Advisory Services Network LLC raised its holdings in Five Below by 304.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,274 shares of the specialty retailer’s stock valued at $153,000 after buying an additional 959 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Five Below by 673.8% in the 2nd quarter. Wedbush Securities Inc. now owns 13,858 shares of the specialty retailer’s stock valued at $1,663,000 after buying an additional 12,067 shares during the last quarter. Stevens Capital Management LP bought a new position in Five Below in the 2nd quarter valued at approximately $345,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in Five Below by 28.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,867 shares of the specialty retailer’s stock valued at $824,000 after buying an additional 1,510 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.
FIVE has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 target price for the company. Bank of America reissued a “buy” rating and set a $150.00 target price on shares of Five Below in a research report on Thursday, June 6th. BidaskClub downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. UBS Group increased their target price on shares of Five Below from $120.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $134.89.
In other news, CFO Kenneth R. Bull sold 7,103 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total transaction of $924,313.39. Following the completion of the sale, the chief financial officer now owns 79,227 shares of the company’s stock, valued at approximately $10,309,809.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.
Shares of FIVE stock opened at $111.55 on Wednesday. The firm has a market cap of $6.11 billion, a P/E ratio of 43.40, a price-to-earnings-growth ratio of 1.39 and a beta of 0.64. Five Below Inc has a 52 week low of $86.57 and a 52 week high of $148.21. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average is $120.08.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $364.76 million during the quarter, compared to the consensus estimate of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, equities analysts expect that Five Below Inc will post 3.06 EPS for the current year.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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