Campbell Newman Asset Management Inc. Has $1.53 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Campbell Newman Asset Management Inc. lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,654 shares of the specialty retailer’s stock after purchasing an additional 453 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Five Below were worth $1,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIVE. AQR Capital Management LLC grew its position in shares of Five Below by 31.3% in the 1st quarter. AQR Capital Management LLC now owns 5,990 shares of the specialty retailer’s stock valued at $1,128,000 after purchasing an additional 1,427 shares during the period. Verition Fund Management LLC acquired a new position in shares of Five Below in the 1st quarter valued at approximately $214,000. Principal Financial Group Inc. grew its position in shares of Five Below by 99.2% in the 1st quarter. Principal Financial Group Inc. now owns 341,114 shares of the specialty retailer’s stock valued at $65,081,000 after purchasing an additional 169,876 shares during the period. Pendal Group Limited bought a new stake in Five Below in the 1st quarter valued at approximately $319,000. Finally, Advisor Partners LLC bought a new stake in Five Below in the 1st quarter valued at approximately $211,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

FIVE opened at $204.74 on Friday. Five Below, Inc. has a 1-year low of $152.37 and a 1-year high of $237.86. The stock’s fifty day simple moving average is $196.05 and its 200 day simple moving average is $195.40. The stock has a market cap of $11.47 billion, a PE ratio of 44.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Tuesday, August 31st. The specialty retailer reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. Five Below had a return on equity of 29.04% and a net margin of 10.03%. The business had revenue of $646.55 million for the quarter, compared to analysts’ expectations of $657.86 million. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. Analysts predict that Five Below, Inc. will post 4.78 earnings per share for the current year.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Five Below from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, August 16th. The Goldman Sachs Group restated a “buy” rating and issued a $236.00 target price on shares of Five Below in a research note on Thursday, September 2nd. UBS Group cut their target price on Five Below from $230.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, September 2nd. Craig Hallum cut their target price on Five Below from $235.00 to $232.00 and set a “buy” rating on the stock in a research note on Thursday, September 2nd. Finally, Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $241.00 target price on the stock in a research note on Tuesday, August 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Buy” and a consensus target price of $222.95.

About Five Below

Five Below, Inc engages in the operation of shopping center. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment include items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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