Empowered Funds LLC Invests $1.87 Million in Five Below Inc (FIVE) Stock

Empowered Funds LLC purchased a new stake in shares of Five Below Inc (NASDAQ:FIVE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,492 shares of the specialty retailer’s stock, valued at approximately $1,865,000.

Other large investors have also recently modified their holdings of the company. Summit Trail Advisors LLC lifted its holdings in Five Below by 6,021.0% during the first quarter. Summit Trail Advisors LLC now owns 114,769 shares of the specialty retailer’s stock valued at $115,000 after purchasing an additional 112,894 shares in the last quarter. Twin Tree Management LP purchased a new position in Five Below during the second quarter valued at approximately $164,000. Tower Research Capital LLC TRC bought a new stake in shares of Five Below during the second quarter valued at approximately $176,000. Cerebellum GP LLC bought a new stake in shares of Five Below during the third quarter valued at approximately $184,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Five Below during the second quarter valued at approximately $201,000.

In related news, Director Daniel Kaufman sold 3,995 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $133.18, for a total value of $532,054.10. Following the sale, the director now owns 5,047 shares in the company, valued at $672,159.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Romanko sold 3,308 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $126.00, for a total transaction of $416,808.00. Following the completion of the sale, the executive vice president now owns 18,092 shares in the company, valued at approximately $2,279,592. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Several equities research analysts have recently issued reports on FIVE shares. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Morgan Stanley upgraded shares of Five Below from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 10th. Credit Suisse Group lifted their price objective on shares of Five Below from $96.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Loop Capital lifted their price objective on shares of Five Below to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 17th. Finally, Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $115.18.

Shares of FIVE opened at $115.04 on Friday. Five Below Inc has a fifty-two week low of $54.71 and a fifty-two week high of $136.13. The firm has a market capitalization of $6.58 billion, a P/E ratio of 55.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.44.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The company had revenue of $347.73 million for the quarter, compared to analysts’ expectations of $334.82 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. Five Below’s quarterly revenue was up 22.7% on a year-over-year basis. On average, analysts forecast that Five Below Inc will post 2.54 EPS for the current fiscal year.

About Five Below

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 beauty products comprising nail polish, lip gloss, fragrance, 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.

Recommended Story: How is inflation measured?

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).

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

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply