Bailard Inc. acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,946 shares of the specialty retailer’s stock, valued at approximately $1,497,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in Five Below by 143.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 645 shares during the period. United Services Automobile Association acquired a new position in Five Below during the 1st quarter worth approximately $268,000. Empowered Funds LLC acquired a new position in Five Below during the 1st quarter worth approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Five Below by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after purchasing an additional 21,625 shares during the period. Finally, Focus Partners Wealth increased its position in Five Below by 63.8% during the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares during the period.
Insider Buying and Selling
In related news, COO Kenneth R. Bull sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the sale, the chief operating officer owned 92,531 shares in the company, valued at $21,665,208.34. This represents a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.96% of the company’s stock.
Five Below Price Performance
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.48 EPS. Research analysts expect that Five Below, Inc. will post 8.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on FIVE shares. Craig Hallum reiterated a “buy” rating and set a $246.00 target price on shares of Five Below in a research report on Tuesday, March 17th. Sanford C. Bernstein reiterated a “market perform” rating and set a $206.00 target price on shares of Five Below in a research report on Monday, February 9th. Wall Street Zen cut Five Below from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. Finally, Bank of America boosted their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.10.
View Our Latest Report on FIVE
Five Below Company Profile
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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