Five Below Inc (FIVE) Stake Raised by Congress Asset Management Co. MA

Congress Asset Management Co. MA increased its stake in Five Below Inc (NASDAQ:FIVE) by 39.0% during the first quarter, Holdings Channel reports. The institutional investor owned 17,986 shares of the specialty retailer’s stock after buying an additional 5,046 shares during the period. Congress Asset Management Co. MA’s holdings in Five Below were worth $779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIVE. Principal Financial Group Inc. raised its position in Five Below by 5.7% in the third quarter. Principal Financial Group Inc. now owns 414,663 shares of the specialty retailer’s stock valued at $16,706,000 after buying an additional 22,221 shares in the last quarter. Crestwood Capital Management L.P. raised its position in Five Below by 20.9% in the third quarter. Crestwood Capital Management L.P. now owns 585,830 shares of the specialty retailer’s stock valued at $23,603,000 after buying an additional 101,330 shares in the last quarter. Northern Trust Corp raised its position in Five Below by 4.1% in the third quarter. Northern Trust Corp now owns 1,028,111 shares of the specialty retailer’s stock valued at $41,423,000 after buying an additional 40,583 shares in the last quarter. California State Teachers Retirement System raised its position in Five Below by 0.9% in the third quarter. California State Teachers Retirement System now owns 113,565 shares of the specialty retailer’s stock valued at $4,576,000 after buying an additional 1,000 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Five Below by 6.3% in the third quarter. Rhumbline Advisers now owns 69,087 shares of the specialty retailer’s stock valued at $2,784,000 after buying an additional 4,105 shares in the last quarter.

Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

Five Below Inc (NASDAQ:FIVE) traded down 0.23% during trading on Friday, reaching $52.63. The company had a trading volume of 1,476,487 shares. Five Below Inc has a 12-month low of $35.03 and a 12-month high of $54.13. The firm’s 50 day moving average price is $48.16 and its 200 day moving average price is $41.93. The firm has a market capitalization of $2.89 billion, a PE ratio of 40.48 and a beta of 1.02.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 22nd. The specialty retailer reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. Five Below had a return on equity of 24.48% and a net margin of 6.82%. The company had revenue of $388.10 million for the quarter, compared to analyst estimates of $387.63 million. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. Analysts anticipate that Five Below Inc will post $1.59 earnings per share for the current year.

WARNING: “Five Below Inc (FIVE) Stake Raised by Congress Asset Management Co. MA” was first reported by Mideast Time and is the sole property of of Mideast Time. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.mideasttime.com/five-below-inc-five-stake-raised-by-congress-asset-management-co-ma/1708669.html.

Several research firms have issued reports on FIVE. Royal Bank of Canada reiterated a “buy” rating and set a $50.00 price objective on shares of Five Below in a research note on Monday. Jefferies Group LLC increased their price objective on Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. 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 objective for the company. Loop Capital reiterated a “buy” rating and set a $54.00 price objective on shares of Five Below in a research note on Wednesday, May 3rd. Finally, Vetr lowered Five Below from a “hold” rating to a “sell” rating and set a $47.56 price objective for the company. in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.03.

About Five Below

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.

5 Day Chart for NASDAQ:FIVE

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).

Receive News & Ratings for Five Below Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.