Crestwood Capital Management L.P. cut its stake in shares of Five Below Inc (NASDAQ:FIVE) by 23.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,000 shares of the specialty retailer’s stock after selling 32,400 shares during the period. Five Below accounts for approximately 3.2% of Crestwood Capital Management L.P.’s holdings, making the stock its 19th biggest holding. Crestwood Capital Management L.P. owned approximately 0.20% of Five Below worth $5,927,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC lifted its holdings in shares of Five Below by 5.1% during the 1st quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after acquiring an additional 4,479 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Five Below during the 1st quarter valued at $3,175,000. Acadian Asset Management LLC acquired a new position in Five Below in the 2nd quarter worth $723,000. Strs Ohio lifted its holdings in Five Below by 40.0% in the 2nd 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. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Five Below by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,020 shares of the specialty retailer’s stock worth $643,000 after buying an additional 530 shares in the last quarter.
In related news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.92% of the stock is owned by corporate insiders.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. sell-side analysts anticipate that Five Below Inc will post 1.78 earnings per share for the current year.
A number of equities analysts have commented on FIVE shares. Deutsche Bank reiterated a “hold” rating and issued a $54.00 price objective (up previously from $53.00) on shares of Five Below in a report on Thursday, August 31st. Royal Bank Of Canada boosted their price objective on shares of Five Below from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Five Below in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, September 7th. Finally, Wells Fargo & Company started coverage on shares of Five Below in a report on Friday, November 3rd. They issued an “outperform” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.91.
Five Below Company Profile
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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