Five Below Inc (FIVE) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Five Below Inc (NASDAQ:FIVE) by 22.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,655,679 shares of the specialty retailer’s stock after selling 468,376 shares during the quarter. Jennison Associates LLC’s holdings in Five Below were worth $109,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. purchased a new stake in shares of Five Below during the 4th quarter worth approximately $978,000. Cim LLC increased its stake in shares of Five Below by 103.0% during the 4th quarter. Cim LLC now owns 17,125 shares of the specialty retailer’s stock worth $1,136,000 after purchasing an additional 8,690 shares during the last quarter. Strs Ohio increased its stake in shares of Five Below by 54.8% during the 4th quarter. Strs Ohio now owns 6,500 shares of the specialty retailer’s stock worth $431,000 after purchasing an additional 2,300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Five Below by 2.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 310,072 shares of the specialty retailer’s stock worth $20,564,000 after purchasing an additional 8,416 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its stake in shares of Five Below by 7.5% during the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares during the last quarter.

Five Below Inc (NASDAQ:FIVE) opened at $66.99 on Friday. Five Below Inc has a fifty-two week low of $37.14 and a fifty-two week high of $73.55. The company has a market cap of $3,715.67, a P/E ratio of 43.97, a P/E/G ratio of 1.30 and a beta of 0.84.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The firm had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. equities analysts predict that Five Below Inc will post 1.81 EPS for the current year.

In other Five Below news, Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the transaction, the director now directly owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth R. Bull sold 15,946 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $66.00, for a total transaction of $1,052,436.00. Following the completion of the transaction, the chief financial officer now directly owns 59,544 shares of the company’s stock, valued at $3,929,904. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,400 shares of company stock valued at $9,474,401. Insiders own 3.22% of the company’s stock.

Several equities research analysts have recently issued reports on FIVE shares. Wells Fargo & Co initiated coverage on shares of Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price target for the company. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a report on Friday, November 10th. Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Monday, November 20th. Finally, MKM Partners raised their price objective on shares of Five Below from $59.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Five Below has an average rating of “Buy” and a consensus target price of $64.33.

WARNING: “Five Below Inc (FIVE) Shares Sold by Jennison Associates LLC” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2018/01/27/five-below-inc-five-shares-sold-by-jennison-associates-llc.html.

Five Below 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.

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).

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

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit