Wasatch Advisors LP Acquires 86,271 Shares of Five Below, Inc. (NASDAQ:FIVE)
Wasatch Advisors LP increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 3.7%, acquiring an additional 86,271 shares, bringing its total holdings to 2,420,083 shares. This represents about 4.40% of Five Below, valued at $254 million. Other institutional investors also increased their positions. Five Below's stock opened at $62.67, with a market cap of $3.45 billion. The company reported a quarterly EPS of $3.48, beating estimates, and a revenue of $1.39 billion, up 4% year-over-year. Analyst ratings have seen price target adjustments recently.
Wasatch Advisors LP increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,420,083 shares of the specialty retailer's stock after acquiring an additional 86,271 shares during the quarter. Five Below comprises about 1.3% of Wasatch Advisors LP's investment portfolio, making the stock its 22nd largest holding. Wasatch Advisors LP owned approximately 4.40% of Five Below worth $254,012,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp raised its position in shares of Five Below by 30.6% in the third quarter. M&T Bank Corp now owns 5,965 shares of the specialty retailer's stock valued at $527,000 after buying an additional 1,399 shares in the last quarter. Geode Capital Management LLC increased its stake in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after acquiring an additional 11,504 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Five Below in the 3rd quarter valued at $42,000. Retirement Systems of Alabama lifted its position in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after acquiring an additional 48,524 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock worth $143,000 after purchasing an additional 814 shares in the last quarter.
Five Below Trading Down 1.4 %
Shares of FIVE opened at $62.67 on Wednesday. The company has a market capitalization of $3.45 billion, a PE ratio of 12.92, a PEG ratio of 1.19 and a beta of 1.01. The stock's 50-day moving average price is $77.53 and its two-hundred day moving average price is $89.50. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $154.47.
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Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the business posted $3.65 earnings per share. The firm's revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.
Insider Buying and Selling at Five Below
In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.
Analyst Ratings Changes
- Beyond the Bargain Bin: 3 Stocks Leading Discount Retail
FIVE has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Guggenheim cut their price target on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. Bank of America cut their target price on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price target on Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $94.30.
Get Our Latest Research Report on Five Below
Five Below Profile
(Free Report)Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.
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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 - Free Report).
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