Mutual of America Capital Management LLC lowered its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 40.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,312 shares of the specialty retailer's stock after selling 18,853 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Five Below worth $2,121,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FIVE. Steadfast Capital Management LP acquired a new stake in Five Below during the 4th quarter worth approximately $123,601,000. Marshall Wace LLP boosted its position in shares of Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after buying an additional 1,072,642 shares in the last quarter. Norges Bank purchased a new stake in shares of Five Below in the 4th quarter worth about $66,933,000. Alliancebernstein L.P. boosted its position in shares of Five Below by 487.0% in the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock worth $59,480,000 after buying an additional 470,150 shares in the last quarter. Finally, Man Group plc boosted its position in shares of Five Below by 399.5% in the 4th quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after buying an additional 450,215 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FIVE. UBS Group upped their target price on shares of Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, June 5th. The Goldman Sachs Group raised their price target on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a report on Monday. Loop Capital increased their price objective on shares of Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Finally, DA Davidson lowered their price objective on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Five Below has an average rating of "Hold" and an average target price of $119.00.
Check Out Our Latest Research Report on FIVE
Insider Activity at Five Below
In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the sale, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Hill sold 1,500 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $140.00, for a total transaction of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares in the company, valued at approximately $5,974,080. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,200 shares of company stock worth $1,740,209 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Five Below Stock Performance
Shares of FIVE traded down $0.33 during midday trading on Wednesday, hitting $139.37. 877,194 shares of the stock traded hands, compared to its average volume of 1,971,646. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $142.13. The firm has a market capitalization of $7.67 billion, a PE ratio of 29.22 and a beta of 1.04. The business's 50 day moving average price is $123.99 and its two-hundred day moving average price is $96.87.
Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The business had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. During the same period in the previous year, the business earned $0.60 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.
About Five Below
(
Free Report)
Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.
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