Global Trust Asset Management LLC bought a new stake in shares of Five Below Inc (NASDAQ:FIVE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,800 shares of the specialty retailer’s stock, valued at approximately $184,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank grew its position in shares of Five Below by 52.3% during the 4th quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 260 shares during the period. Advisory Services Network LLC grew its position in shares of Five Below by 1,598.1% during the 3rd quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock valued at $119,000 after acquiring an additional 863 shares during the period. Advisors Asset Management Inc. grew its position in shares of Five Below by 1,206.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 954 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 881 shares during the period. Cerebellum GP LLC bought a new stake in shares of Five Below during the 3rd quarter valued at $184,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Five Below during the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 94.95% of the company’s stock.
FIVE opened at $117.57 on Friday. Five Below Inc has a 52 week low of $60.00 and a 52 week high of $136.13. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 65.68, a P/E/G ratio of 1.54 and a beta of 0.56.
Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Five Below had a net margin of 8.74% and a return on equity of 24.58%. The business had revenue of $312.82 million during the quarter, compared to the consensus estimate of $303.54 million. On average, equities research analysts forecast that Five Below Inc will post 2.58 earnings per share for the current fiscal year.
FIVE has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Five Below to $153.00 in a report on Sunday, December 2nd. ValuEngine downgraded shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Dougherty & Co raised shares of Five Below from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, November 26th. BidaskClub downgraded shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 20th. Finally, Loop Capital raised shares of Five Below from a “hold” rating to a “buy” rating and upped their target price for the stock from $110.00 to $120.00 in a report on Monday, December 10th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.24.
In other news, Director Ronald Sargent sold 31,500 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $97.60, for a total transaction of $3,074,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David N. Makuen sold 12,000 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the sale, the insider now owns 20,863 shares in the company, valued at $2,429,079.09. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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 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.
Further Reading: Systematic Risk and Investors
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