TIAA CREF Investment Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,903 shares of the specialty retailer’s stock after acquiring an additional 21,849 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.31% of Five Below worth $8,339,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. First Mercantile Trust Co. lifted its position in shares of Five Below by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 40 shares in the last quarter. Strs Ohio lifted its position in Five Below by 30.4% in the 1st quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after buying an additional 700 shares in the last quarter. Invictus RG purchased a new stake in Five Below in the 1st quarter worth approximately $183,000. Ameritas Investment Partners Inc. purchased a new stake in Five Below in the 1st quarter worth approximately $200,000. Finally, Raymond James Trust N.A. purchased a new stake in Five Below in the 2nd quarter worth approximately $205,000.
Five Below, Inc. (FIVE) opened at 57.28 on Monday. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $57.65. The stock’s 50 day moving average is $50.86 and its 200-day moving average is $48.88. The company has a market cap of $3.16 billion, a P/E ratio of 39.56 and a beta of 0.89.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. Analysts predict that Five Below, Inc. will post $1.67 earnings per share for the current fiscal year.
In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.92% of the company’s stock.
FIVE has been the subject of a number of research analyst reports. Loop Capital reiterated a “buy” rating and issued a $60.00 target price on shares of Five Below in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 target price on shares of Five Below in a research report on Wednesday, August 23rd. Dougherty & Co reiterated a “buy” rating on shares of Five Below in a research report on Friday, August 18th. Finally, BidaskClub upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.15.
Five Below 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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