Sei Investments Co. Buys New Stake in Five Below, Inc. (FIVE)

Sei Investments Co. bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,526 shares of the specialty retailer’s stock, valued at approximately $716,000.

A number of other hedge funds have also added to or reduced their stakes in the company. First Mercantile Trust Co. raised its stake in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the last quarter. Tyers Asset Management LLC increased its position in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares during the last quarter. SpiderRock Advisors LLC purchased a new position in Five Below during the first quarter worth about $125,000. Ladenburg Thalmann Financial Services Inc. increased its position in Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock worth $114,000 after buying an additional 307 shares during the last quarter. Finally, Flinton Capital Management LLC purchased a new position in Five Below during the fourth quarter worth about $116,000.

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

Shares of Five Below, Inc. (NASDAQ:FIVE) opened at 48.11 on Wednesday. The company has a market cap of $2.65 billion, a P/E ratio of 36.20 and a beta of 0.95. The company’s 50-day moving average price is $51.19 and its 200-day moving average price is $43.74. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $54.13.

Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. Equities analysts forecast that Five Below, Inc. will post $1.64 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC increased their price target on Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada reissued a “buy” rating and set a $50.00 price target on shares of Five Below in a research report on Monday, May 15th. Vetr downgraded Five Below from a “buy” rating to a “hold” rating and set a $46.85 price target on the stock. in a research report on Tuesday, April 11th. MKM Partners reissued a “buy” rating and set a $51.00 price target (down previously from $54.00) on shares of Five Below in a research report on Thursday, March 23rd. Finally, Guggenheim reissued a “buy” rating and set a $60.00 price target (up previously from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $53.85.

In related news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.92% of the stock is owned by corporate insiders.

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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