Janus Henderson Group PLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,370 shares of the specialty retailer’s stock, valued at approximately $413,000.
Other large investors have also modified their holdings of the company. First Mercantile Trust Co. boosted its holdings in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after buying an additional 40 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Five Below during the second quarter worth approximately $205,000. Strs Ohio boosted its holdings in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after buying an additional 1,200 shares in the last quarter. Miles Capital Inc. bought a new stake in Five Below during the second quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC boosted its holdings in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after buying an additional 1,829 shares in the last quarter.
A number of brokerages recently weighed in on FIVE. Jefferies Group LLC restated a “buy” rating and set a $62.00 target price on shares of Five Below in a report on Wednesday, August 23rd. BidaskClub lowered shares of Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, September 7th. Buckingham Research reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Friday, September 1st. Finally, UBS AG lowered shares of Five Below from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $59.00 to $52.00 in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $55.04.
Shares of Five Below, Inc. (NASDAQ FIVE) opened at 55.46 on Tuesday. The stock has a market cap of $3.06 billion, a P/E ratio of 38.30 and a beta of 0.89. Five Below, Inc. has a 52-week low of $35.03 and a 52-week high of $58.07. The firm has a 50-day moving average of $53.99 and a 200-day moving average of $50.47.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The business had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis. On average, equities analysts expect that Five Below, Inc. will post $1.67 EPS for the current fiscal year.
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In related news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the transaction, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.92% of the company’s stock.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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