Thrivent Financial For Lutherans boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,010 shares of the specialty retailer’s stock after buying an additional 1,310 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of Five Below worth $1,343,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its position in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock worth $114,000 after buying an additional 307 shares during the period. Tyers Asset Management LLC raised its position in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares during the period. SpiderRock Advisors LLC purchased a new position in Five Below during the first quarter worth about $125,000. Finally, Strs Ohio raised its position in Five Below by 30.4% in the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after buying an additional 700 shares during the period.
Five Below, Inc. (NASDAQ FIVE) traded down 0.88% during trading on Friday, reaching $47.41. The company’s stock had a trading volume of 675,156 shares. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 35.67 and a beta of 0.95. Five Below, Inc. has a 52-week low of $35.03 and a 52-week high of $54.13. The stock’s 50-day moving average is $47.94 and its 200 day moving average is $45.05.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company had revenue of $232.90 million for the quarter, compared to the consensus estimate of $230.75 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts predict that Five Below, Inc. will post $1.64 EPS for the current fiscal year.
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FIVE has been the topic of a number of recent research reports. Gordon Haskett initiated coverage on shares of Five Below in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 target price on the stock. MKM Partners restated a “buy” rating and issued a $57.00 target price (up from $51.00) on shares of Five Below in a report on Thursday, June 1st. Loop Capital restated a “buy” rating and issued a $54.00 target price on shares of Five Below in a report on Wednesday, May 3rd. Vetr raised shares of Five Below from a “hold” rating to a “buy” rating and set a $47.56 price objective for the company in a research note on Tuesday, April 18th. Finally, Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Five Below has an average rating of “Hold” and an average target price of $53.74.
In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.22% of the stock is owned by insiders.
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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