Five Below Inc (FIVE) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Five Below Inc (NASDAQ:FIVE) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 527,705 shares of the specialty retailer’s stock after buying an additional 7,460 shares during the period. Ameriprise Financial Inc. owned approximately 0.96% of Five Below worth $28,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FIVE. First Mercantile Trust Co. grew its holdings in shares of Five Below by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 40 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Five Below in the 2nd quarter valued at $205,000. Strs Ohio boosted its stake 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 purchasing an additional 1,200 shares during the period. Miles Capital Inc. acquired a new position in Five Below in the 2nd quarter worth $210,000. Finally, Riverhead Capital Management LLC boosted its stake in Five Below by 73.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares during the period.

In other Five Below news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.92% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $60.00 target price on shares of Five Below in a research note on Sunday. Buckingham Research upped their target price on shares of Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. UBS boosted their price target on shares of Five Below from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. Royal Bank Of Canada boosted their price target on shares of Five Below to $67.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Finally, Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $60.91.

Five Below Inc (NASDAQ FIVE) opened at $64.14 on Wednesday. Five Below Inc has a 52 week low of $36.90 and a 52 week high of $65.49. The company has a market cap of $3,397.51, a PE ratio of 40.20, a P/E/G ratio of 1.21 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $246.04 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue was up 28.9% compared to the same quarter last year. equities research analysts expect that Five Below Inc will post 1.78 earnings per share for the current year.

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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.

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

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