ETRADE Capital Management LLC decreased its position in Five Below Inc (NASDAQ:FIVE) by 32.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,368 shares of the specialty retailer’s stock after selling 3,930 shares during the period. ETRADE Capital Management LLC’s holdings in Five Below were worth $894,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in Five Below by 23.8% in the first quarter. First Horizon Advisors Inc. now owns 645 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 124 shares in the last quarter. Comerica Bank grew its holdings in shares of Five Below by 0.4% in the 2nd quarter. Comerica Bank now owns 44,031 shares of the specialty retailer’s stock worth $4,804,000 after acquiring an additional 194 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Five Below during the second quarter worth $25,000. Fifth Third Bancorp lifted its holdings in shares of Five Below by 2.1% during the first quarter. Fifth Third Bancorp now owns 11,735 shares of the specialty retailer’s stock valued at $826,000 after purchasing an additional 237 shares during the last quarter. Finally, Private Capital Group LLC boosted its position in shares of Five Below by 85.9% in the 1st quarter. Private Capital Group LLC now owns 565 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 261 shares during the period.
NASDAQ FIVE traded down $1.59 during trading on Friday, reaching $125.57. The company’s stock had a trading volume of 25,780 shares, compared to its average volume of 904,028. The company has a current ratio of 1.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.53 billion, a PE ratio of 71.84, a PEG ratio of 3.83 and a beta of 1.22. Five Below Inc has a 1-year low of $47.53 and a 1-year high of $137.96. The business has a 50-day moving average price of $108.70 and a 200-day moving average price of $96.91.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, September 2nd. The specialty retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.39. The business had revenue of $426.11 million for the quarter, compared to the consensus estimate of $409.19 million. Five Below had a net margin of 5.89% and a return on equity of 13.94%. Five Below’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. As a group, analysts expect that Five Below Inc will post 1.57 earnings per share for the current year.
In related news, CAO Eric M. Specter sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $108.73, for a total value of $1,141,665.00. Following the completion of the sale, the chief accounting officer now directly owns 38,671 shares in the company, valued at approximately $4,204,697.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth R. Bull sold 9,123 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $114.13, for a total value of $1,041,207.99. Following the completion of the sale, the chief financial officer now owns 92,650 shares of the company’s stock, valued at $10,574,144.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 247,712 shares of company stock worth $26,677,806. Corporate insiders own 2.40% of the company’s stock.
A number of analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Five Below from $115.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital raised their price objective on shares of Five Below from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group lifted their price objective on shares of Five Below from $93.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. UBS Group increased their target price on Five Below from $104.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Finally, Oppenheimer began coverage on Five Below in a report on Thursday. They set a “buy” rating and a $140.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $129.60.
Five Below Profile
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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