Five Below Inc (FIVE) Stake Lifted by Stifel Financial Corp
Stifel Financial Corp increased its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 12.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,632 shares of the specialty retailer’s stock after buying an additional 2,018 shares during the period. Stifel Financial Corp’s holdings in Five Below were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Raymond James Trust N.A. acquired a new stake in shares of Five Below during the 2nd quarter worth about $205,000. Strs Ohio increased its position in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after buying an additional 1,200 shares during the period. Miles Capital Inc. acquired a new position in Five Below during the second quarter worth approximately $210,000. Riverhead Capital Management LLC increased its position in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after buying an additional 1,829 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in Five Below during the third quarter worth approximately $215,000.
Shares of Five Below Inc (NASDAQ:FIVE) opened at $67.84 on Thursday. The firm has a market capitalization of $3,730.00, a price-to-earnings ratio of 44.34, a PEG ratio of 1.39 and a beta of 0.85. Five Below Inc has a twelve month low of $37.14 and a twelve month high of $68.98.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. research analysts forecast that Five Below Inc will post 1.78 earnings per share for the current fiscal year.
In related news, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the sale, the insider now owns 13,883 shares in the company, valued at approximately $931,271.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, 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 quarter, insiders have sold 285,973 shares of company stock valued at $17,334,450. 2.92% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on FIVE. Royal Bank of Canada upped their price objective on Five Below to $67.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Jefferies Group raised their target price on Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Thursday, November 30th. Deutsche Bank restated a “hold” rating and issued a $54.00 target price (up from $53.00) on shares of Five Below in a research report on Thursday, August 31st. Finally, BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.60.
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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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