Montag & Caldwell LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,954 shares of the specialty retailer’s stock, valued at approximately $217,000.
Several other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Five Below by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock worth $617,000 after purchasing an additional 32 shares in the last quarter. LS Investment Advisors LLC lifted its position in Five Below by 0.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $234,000 after acquiring an additional 39 shares during the period. First Mercantile Trust Co. lifted its position in Five Below by 1.7% during the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 40 shares during the period. Renaissance Group LLC lifted its position in Five Below by 1.2% during the 2nd quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock worth $391,000 after acquiring an additional 95 shares during the period. Finally, Arizona State Retirement System lifted its position in Five Below by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after acquiring an additional 100 shares during the period.
In related news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.92% of the company’s stock.
A number of analysts have commented on FIVE shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Royal Bank Of Canada lifted their price objective on Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. UBS AG lowered Five Below from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $59.00 to $52.00 in a research note on Monday, July 10th. Zacks Investment Research upgraded 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. Finally, BidaskClub lowered Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Five Below has an average rating of “Buy” and a consensus price target of $55.66.
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Five Below, Inc. (NASDAQ:FIVE) traded up $0.06 during trading on Monday, hitting $57.07. The stock had a trading volume of 29,117 shares, compared to its average volume of 771,050. The stock has a market capitalization of $3,146.93, a price-to-earnings ratio of 39.32, a P/E/G ratio of 1.20 and a beta of 0.80. Five Below, Inc. has a 1-year low of $35.03 and a 1-year high of $58.07.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $283.30 million for the quarter, compared to analyst estimates of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. Five Below’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. equities research analysts predict that Five Below, Inc. will post 1.66 earnings per share for the current fiscal year.
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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