Davidson & Garrard Inc. purchased a new position in Five Below Inc (NASDAQ:FIVE) during the first quarter, Holdings Channel reports. The institutional investor purchased 9,370 shares of the specialty retailer’s stock, valued at approximately $406,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. increased its position in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock worth $114,000 after buying an additional 307 shares during the period. Flinton Capital Management LLC purchased a new position in Five Below during the fourth quarter worth $116,000. Independent Advisor Alliance purchased a new position in Five Below during the fourth quarter worth $120,000. Finally, Tyers Asset Management LLC increased its position in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares during the period.
Shares of Five Below Inc (NASDAQ:FIVE) traded down 0.23% during mid-day trading on Friday, hitting $52.63. The stock had a trading volume of 1,476,487 shares. Five Below Inc has a 52-week low of $35.03 and a 52-week high of $54.13. The firm has a market cap of $2.89 billion, a PE ratio of 40.48 and a beta of 1.02. The stock’s 50-day moving average price is $48.16 and its 200-day moving average price is $41.93.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 22nd. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Five Below had a net margin of 6.82% and a return on equity of 24.48%. The firm had revenue of $388.10 million during the quarter, compared to analyst estimates of $387.63 million. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that Five Below Inc will post $1.59 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on FIVE. Loop Capital reaffirmed a “buy” rating and set a $54.00 price target on shares of Five Below in a research note on Wednesday, May 3rd. Gordon Haskett began coverage on Five Below in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $57.00 price target on the stock. Vetr downgraded Five Below from a “hold” rating to a “sell” rating and set a $47.56 price target on the stock. in a research note on Wednesday, April 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Five Below in a research note on Monday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Five Below in a research note on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and a consensus target price of $48.03.
Five Below Company 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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