Maryland Capital Management lowered its holdings in Five Below Inc (NASDAQ:FIVE) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,547 shares of the specialty retailer’s stock after selling 580 shares during the period. Five Below makes up 2.6% of Maryland Capital Management’s holdings, making the stock its 10th biggest holding. Maryland Capital Management owned approximately 0.28% of Five Below worth $20,100,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FIVE. JPMorgan Chase & Co. lifted its position in shares of Five Below by 103.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,075 shares of the specialty retailer’s stock worth $24,981,000 after buying an additional 97,861 shares during the last quarter. GAM Holding AG purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $554,000. Tower Research Capital LLC TRC lifted its position in shares of Five Below by 112.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,807 shares of the specialty retailer’s stock worth $495,000 after buying an additional 2,012 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Five Below by 157.1% during the 3rd quarter. Primecap Management Co. CA now owns 12,600 shares of the specialty retailer’s stock worth $1,639,000 after buying an additional 7,700 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 95.42% of the company’s stock.
Several analysts have recently weighed in on FIVE shares. JPMorgan Chase & Co. reduced their price objective on shares of Five Below to $153.00 in a research report on Sunday. Dougherty & Co downgraded shares of Five Below from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 8th. Citigroup boosted their price objective on shares of Five Below from $117.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $119.59.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The firm had revenue of $347.73 million during the quarter, compared to the consensus estimate of $334.82 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Five Below’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, equities analysts forecast that Five Below Inc will post 2.54 earnings per share for the current year.
In related news, insider David N. Makuen sold 12,000 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total value of $1,397,160.00. Following the completion of the sale, the insider now owns 20,863 shares in the company, valued at approximately $2,429,079.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $126.00, for a total transaction of $416,808.00. Following the completion of the sale, the executive vice president now owns 18,092 shares of the company’s stock, valued at approximately $2,279,592. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,303 shares of company stock valued at $2,346,022. 2.60% of the stock is owned by insiders.
Five Below Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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