Janus Henderson Group PLC Buys New Holdings in Five Below, Inc. (FIVE)

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.

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

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