Five Below Inc (FIVE) Holdings Cut by Neuberger Berman Group LLC
Neuberger Berman Group LLC cut its position in Five Below Inc (NASDAQ:FIVE) by 25.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 368,619 shares of the specialty retailer’s stock after selling 125,657 shares during the period. Neuberger Berman Group LLC owned approximately 0.67% of Five Below worth $20,230,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC raised its holdings in shares of Five Below by 24.1% during the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after purchasing an additional 412,641 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Five Below by 2.7% during the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock valued at $96,225,000 after purchasing an additional 52,041 shares during the last quarter. State Street Corp raised its holdings in shares of Five Below by 2.8% during the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock valued at $70,796,000 after purchasing an additional 38,532 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Five Below by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock valued at $64,914,000 after buying an additional 30,368 shares during the period. Finally, Oak Ridge Investments LLC grew its position in Five Below by 0.8% during the second quarter. Oak Ridge Investments LLC now owns 1,064,249 shares of the specialty retailer’s stock valued at $52,542,000 after buying an additional 8,498 shares during the period.
Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group restated a “buy” rating and set a $62.00 target price on shares of Five Below in a research report on Thursday, August 31st. Barclays restated a “hold” rating and set a $60.00 target price on shares of Five Below in a research report on Sunday, December 3rd. Finally, UBS Group boosted their target price on shares of Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $60.91.
Five Below Inc (FIVE) opened at $65.48 on Friday. The firm has a market cap of $3,590.00, a P/E ratio of 42.80, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. Five Below Inc has a 12-month low of $36.90 and a 12-month high of $68.89.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company’s revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. equities analysts expect that Five Below Inc will post 1.78 EPS for the current fiscal year.
In related news, Director Ronald Sargent sold 80,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the completion of the transaction, the director now owns 29,429 shares in the company, valued at $1,930,248.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 285,973 shares of company stock valued at $17,334,450. 3.22% of the stock is owned by company insiders.
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Five Below 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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