AGF Investments Inc. Acquires New Position in Five Below, Inc. (FIVE)

AGF Investments Inc. acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,000 shares of the specialty retailer’s stock, valued at approximately $2,470,000. AGF Investments Inc. owned about 0.09% of Five Below as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Five Below by 27,003.0% during the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after acquiring an additional 6,800,982 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Five Below by 5.1% during the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after acquiring an additional 235,589 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Five Below by 27.3% during the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after acquiring an additional 367,235 shares during the last quarter. State Street Corp boosted its stake in shares of Five Below by 6.1% during the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock valued at $60,437,000 after acquiring an additional 79,961 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Five Below by 5.2% during the second quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock valued at $62,833,000 after acquiring an additional 62,358 shares during the last quarter.

Five Below, Inc. (NASDAQ:FIVE) opened at 49.28 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 37.08 and a beta of 0.93. The stock has a 50 day moving average price of $48.62 and a 200-day moving average price of $46.96. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Five Below’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities research analysts expect that Five Below, Inc. will post $1.67 EPS for the current year.

FIVE has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Five Below in a research note on Monday, May 15th. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Tuesday, May 23rd. MKM Partners reaffirmed a “buy” rating and set a $57.00 price objective (up previously from $51.00) on shares of Five Below in a research note on Thursday, June 1st. UBS AG lowered Five Below from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $59.00 to $52.00 in a research note on Monday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 price objective (up previously from $40.00) on shares of Five Below in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $54.74.

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About Five Below

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

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