Landscape Capital Management L.L.C. acquired a new position in shares of Five Below Inc (NASDAQ:FIVE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,967 shares of the specialty retailer’s stock, valued at approximately $3,957,000. Landscape Capital Management L.L.C. owned 0.06% of Five Below at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Optimum Investment Advisors bought a new stake in Five Below during the first quarter worth approximately $31,000. Shine Investment Advisory Services Inc. raised its holdings in Five Below by 73.3% during the second quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 129 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Five Below by 74.2% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 198 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Five Below during the first quarter worth approximately $60,000. Finally, Carroll Financial Associates Inc. raised its holdings in Five Below by 43.9% during the first quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.
Several research analysts have issued reports on FIVE shares. Credit Suisse Group upped their price target on Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. UBS Group upped their price target on Five Below from $120.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $128.00 to $140.00 in a report on Monday, May 6th. They noted that the move was a valuation call. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley started coverage on Five Below in a report on Monday, July 1st. They issued an “overweight” rating and a $135.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $134.89.
Shares of Five Below stock traded down $0.13 on Thursday, hitting $108.37. 492,480 shares of the company traded hands, compared to its average volume of 927,937. The stock’s 50-day moving average is $119.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.89. Five Below Inc has a 12-month low of $86.57 and a 12-month high of $148.21. The company has a market cap of $6.03 billion, a P/E ratio of 42.17, a PEG ratio of 1.36 and a beta of 0.64.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The business had revenue of $364.76 million for the quarter, compared to analysts’ expectations of $362.28 million. During the same period in the previous year, the company posted $0.35 EPS. Five Below’s revenue was up 23.1% on a year-over-year basis. Equities analysts expect that Five Below Inc will post 3.06 EPS for the current fiscal year.
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 nail polishes, lip glosses, fragrances, 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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