Jennison Associates LLC boosted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,124,055 shares of the specialty retailer’s stock after purchasing an additional 412,641 shares during the period. Jennison Associates LLC owned approximately 3.85% of Five Below worth $116,568,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of FIVE. Vanguard Group Inc. lifted its stake in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after purchasing an additional 235,589 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Five Below by 42.2% in the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock worth $38,313,000 after purchasing an additional 230,191 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Five Below by 1,392.6% in the second quarter. OxFORD Asset Management LLP now owns 171,371 shares of the specialty retailer’s stock worth $8,461,000 after purchasing an additional 159,890 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Five Below in the second quarter worth $5,540,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Five Below by 28.6% during the second quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after acquiring an additional 110,050 shares during the last quarter.
In related 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 $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.22% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research note on Friday. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Wells Fargo & Company assumed coverage on shares of Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price objective for the company. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five Below in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Five Below has an average rating of “Buy” and an average target price of $55.66.
Five Below, Inc. (NASDAQ:FIVE) traded up $0.14 during trading hours on Friday, hitting $57.53. 420,400 shares of the stock were exchanged, compared to its average volume of 747,042. Five Below, Inc. has a 1 year low of $36.90 and a 1 year high of $58.34. The stock has a market capitalization of $3,175.66, a PE ratio of 39.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. equities research analysts expect that Five Below, Inc. will post 1.66 earnings per share for the current fiscal year.
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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