ProShare Advisors LLC decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,847 shares of the specialty retailer’s stock after selling 1,867 shares during the period. ProShare Advisors LLC’s holdings in Five Below were worth $289,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in FIVE. First Trust Advisors LP lifted its holdings in shares of Five Below by 95.0% in the 1st quarter. First Trust Advisors LP now owns 39,114 shares of the specialty retailer’s stock valued at $1,694,000 after acquiring an additional 19,051 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Five Below in the 1st quarter valued at about $514,000. Sei Investments Co. bought a new position in shares of Five Below in the 1st quarter valued at about $716,000. Oxford Asset Management bought a new position in shares of Five Below in the 1st quarter valued at about $497,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Five Below in the 1st quarter valued at about $200,000.
Shares of Five Below, Inc. (NASDAQ FIVE) opened at 55.98 on Thursday. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $57.65. The firm has a 50-day moving average of $51.55 and a 200 day moving average of $49.28. The firm has a market capitalization of $3.09 billion, a P/E ratio of 38.66 and a beta of 0.90.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts expect that Five Below, Inc. will post $1.67 EPS for the current fiscal year.
A number of brokerages recently commented on FIVE. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Five Below in a report on Wednesday, August 23rd. BidaskClub lowered shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Loop Capital reissued a “buy” rating and issued a $60.00 price objective on shares of Five Below in a research report on Friday, June 30th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, September 7th. Finally, Buckingham Research reissued a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $54.41.
In other news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of 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 available at this link. Corporate insiders own 3.22% of the company’s stock.
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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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