Redwood Investments LLC grew its position in Five Below Inc (NASDAQ:FIVE) by 51.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,315 shares of the specialty retailer’s stock after acquiring an additional 55,212 shares during the period. Five Below comprises 1.5% of Redwood Investments LLC’s portfolio, making the stock its 13th largest holding. Redwood Investments LLC’s holdings in Five Below were worth $20,292,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of FIVE. Optimum Investment Advisors acquired a new stake in shares of Five Below in the first quarter valued at about $31,000. TCI Wealth Advisors Inc. raised its position in Five Below by 270.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Somerset Trust Co raised its position in Five Below by 602.5% during the fourth quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 241 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Five Below during the fourth quarter worth about $41,000. Finally, Quadrant Capital Group LLC raised its position in Five Below by 74.2% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 198 shares during the last quarter. 95.76% of the stock is currently owned by institutional investors and hedge funds.
Five Below stock traded up $0.36 during trading on Friday, reaching $127.60. The company had a trading volume of 5,122 shares, compared to its average volume of 866,774. Five Below Inc has a 12-month low of $69.96 and a 12-month high of $148.21. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.43 and a beta of 0.67.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The firm had revenue of $602.68 million during the quarter, compared to the consensus estimate of $601.53 million. During the same period in the previous year, the firm earned $1.21 earnings per share. Five Below’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts anticipate that Five Below Inc will post 3.06 EPS for the current fiscal year.
In other Five Below news, Director Kathleen S. Barclay sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $140.86, for a total transaction of $352,150.00. Following the completion of the sale, the director now directly owns 13,135 shares in the company, valued at $1,850,196.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Romanko sold 7,881 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the sale, the executive vice president now owns 27,907 shares of the company’s stock, valued at $3,739,538. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is owned by insiders.
A number of equities analysts have issued reports on FIVE shares. BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine lowered shares of Five Below from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Bank of America initiated coverage on shares of Five Below in a research report on Monday, April 15th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Finally, Buckingham Research boosted their price objective on shares of Five Below from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $129.10.
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About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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