Seven Eight Capital LP acquired a new position in shares of Five Below Inc (NASDAQ:FIVE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 115,100 shares of the specialty retailer’s stock, valued at approximately $8,441,000.
Other large investors have also recently made changes to their positions in the company. Swiss National Bank boosted its stake in Five Below by 3.7% in the 4th quarter. Swiss National Bank now owns 94,959 shares of the specialty retailer’s stock valued at $6,298,000 after buying an additional 3,400 shares in the last quarter. California Public Employees Retirement System boosted its stake in Five Below by 8.8% in the 4th quarter. California Public Employees Retirement System now owns 111,342 shares of the specialty retailer’s stock valued at $7,384,000 after buying an additional 8,972 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Five Below in the 4th quarter valued at $4,516,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Five Below by 20.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,488 shares of the specialty retailer’s stock valued at $365,000 after buying an additional 930 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 in the last quarter.
Several analysts recently commented on FIVE shares. JPMorgan Chase & Co. started coverage on Five Below in a research note on Monday. They issued an “overweight” rating and a $87.00 price target on the stock. MKM Partners boosted their price target on Five Below from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 16th. Buckingham Research decreased their price target on Five Below from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Tuesday, March 20th. Finally, ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.38.
In other Five Below news, EVP Michael Romanko sold 6,227 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $77.17, for a total value of $480,537.59. Following the transaction, the executive vice president now owns 27,684 shares of the company’s stock, valued at $2,136,374.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.
Five Below stock opened at $81.28 on Thursday. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Five Below Inc has a 52 week low of $44.30 and a 52 week high of $81.77.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 6th. The specialty retailer reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $296.32 million for the quarter, compared to analyst estimates of $291.14 million. Five Below had a return on equity of 26.00% and a net margin of 8.02%. The business’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. sell-side analysts expect that Five Below Inc will post 2.4 EPS for the current year.
Five Below announced that its board has authorized a share repurchase program on Wednesday, March 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Five Below Profile
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 beauty products comprising nail polish, lip gloss, fragrance, 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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