Municipal Employees Retirement System of Michigan Continues to Hold Stake in Five Below, Inc. (FIVE)

Municipal Employees Retirement System of Michigan maintained its position in shares of Five Below, Inc. (NASDAQ:FIVE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,490 shares of the specialty retailer’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Five Below were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in shares of 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 last quarter. Guggenheim Capital LLC raised its position in shares of Five Below by 1,201.0% in the fourth quarter. Guggenheim Capital LLC now owns 67,472 shares of the specialty retailer’s stock worth $2,696,000 after buying an additional 62,286 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Five Below by 7.3% in the fourth quarter. Janus Capital Management LLC now owns 1,416,216 shares of the specialty retailer’s stock worth $56,592,000 after buying an additional 96,437 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Five Below by 8.4% in the fourth quarter. Franklin Resources Inc. now owns 643,861 shares of the specialty retailer’s stock worth $25,729,000 after buying an additional 49,985 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of Five Below during the fourth quarter worth approximately $555,000.

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

Five Below, Inc. (NASDAQ:FIVE) opened at 47.92 on Friday. The firm has a market cap of $2.64 billion, a P/E ratio of 36.06 and a beta of 0.95. The stock has a 50 day moving average price of $51.19 and a 200-day moving average price of $43.74. Five Below, Inc. has a 1-year low of $35.03 and a 1-year high of $54.13.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million for the quarter, compared to analyst estimates of $230.75 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities research analysts forecast that Five Below, Inc. will post $1.64 EPS for the current year.

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A number of research analysts have commented on the company. Deutsche Bank AG reiterated a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of Five Below in a research report on Tuesday, May 30th. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective (up from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $65.00 price objective (up from $47.00) on shares of Five Below in a research report on Saturday, June 3rd. BTIG Research reiterated a “neutral” rating on shares of Five Below in a research report on Saturday, June 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (up from $40.00) on shares of Five Below in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Five Below presently has a consensus rating of “Buy” and an average price target of $53.85.

In other news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the transaction, the chief financial officer now owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.22% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FIVE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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