Schwab Charles Investment Management Inc. raised its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,012 shares of the specialty retailer’s stock after buying an additional 25,041 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Five Below were worth $12,041,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $208,404,000 after buying an additional 235,589 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Five Below during the first quarter valued at approximately $31,188,000. FMR LLC raised its stake in Five Below by 111.2% in the first quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock valued at $30,970,000 after buying an additional 376,527 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Five Below by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 700,149 shares of the specialty retailer’s stock valued at $30,322,000 after buying an additional 18,631 shares during the last quarter.
Five Below, Inc. (NASDAQ:FIVE) opened at 47.02 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of 35.38 and a beta of 0.95. The firm has a 50-day moving average price of $48.86 and a 200 day moving average price of $44.78. Five Below, Inc. has a 1-year low of $35.03 and a 1-year high of $54.13.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. On average, equities analysts predict that Five Below, Inc. will post $1.64 EPS for the current year.
Several equities research analysts recently issued reports on FIVE shares. Jefferies Group LLC increased their target price on shares of Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. MKM Partners reissued a “buy” rating and issued a $51.00 target price (down from $54.00) on shares of Five Below in a report on Thursday, March 23rd. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 target price (up from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Credit Suisse Group reissued an “outperform” rating and issued a $65.00 target price (up from $47.00) on shares of Five Below in a report on Saturday, June 3rd. Finally, Guggenheim reissued a “buy” rating and issued a $60.00 target price (up from $52.00) on shares of Five Below in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.74.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,125,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is owned by 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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