Securian Asset Management Inc reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,423 shares of the specialty retailer’s stock after selling 152 shares during the quarter. Securian Asset Management Inc’s holdings in Five Below were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVE. FMR LLC increased its position in Five Below by 24.9% during the 2nd quarter. FMR LLC now owns 3,999,991 shares of the specialty retailer’s stock valued at $427,639,000 after purchasing an additional 797,658 shares during the period. Chilton Investment Co. LLC purchased a new position in Five Below during the second quarter valued at approximately $40,020,000. Riverbridge Partners LLC increased its holdings in Five Below by 23.5% during the third quarter. Riverbridge Partners LLC now owns 1,609,789 shares of the specialty retailer’s stock valued at $204,443,000 after buying an additional 306,097 shares during the period. Holocene Advisors LP raised its stake in Five Below by 10,273.2% in the second quarter. Holocene Advisors LP now owns 307,358 shares of the specialty retailer’s stock worth $32,860,000 after buying an additional 304,395 shares in the last quarter. Finally, Senator Investment Group LP purchased a new stake in Five Below during the second quarter worth $29,400,000.
A number of equities research analysts recently weighed in on the company. Craig Hallum upped their price objective on Five Below from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Barclays boosted their price objective on shares of Five Below from $101.00 to $120.00 in a research note on Thursday, September 3rd. Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating and raised their target price for the company from $135.00 to $140.00 in a research note on Thursday, November 5th. Finally, Citigroup upped their price target on Five Below from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $133.71.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, September 2nd. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.39. The company had revenue of $426.11 million during 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 13.81%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that Five Below, Inc. will post 1.86 earnings per share for the current fiscal year.
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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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