Hayden Royal LLC Makes New $201,000 Investment in Five Below Inc (NASDAQ:FIVE)
Hayden Royal LLC acquired a new position in Five Below Inc (NASDAQ:FIVE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,550 shares of the specialty retailer’s stock, valued at approximately $201,000.
Other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its stake in shares of Five Below by 15.2% during the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock valued at $74,000 after purchasing an additional 79 shares in the last quarter. Carroll Financial Associates Inc. grew its holdings in Five Below by 18.7% during the second quarter. Carroll Financial Associates Inc. now owns 584 shares of the specialty retailer’s stock worth $70,000 after acquiring an additional 92 shares during the period. Bridge City Capital LLC grew its holdings in Five Below by 0.5% during the second quarter. Bridge City Capital LLC now owns 19,207 shares of the specialty retailer’s stock worth $2,305,000 after acquiring an additional 94 shares during the period. Louisiana State Employees Retirement System grew its holdings in Five Below by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock worth $1,851,000 after acquiring an additional 100 shares during the period. Finally, UMB Bank N A MO grew its holdings in Five Below by 1.6% during the second quarter. UMB Bank N A MO now owns 6,719 shares of the specialty retailer’s stock worth $806,000 after acquiring an additional 109 shares during the period. 97.16% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Kenneth R. Bull sold 7,103 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total value of $924,313.39. Following the completion of the sale, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The firm had revenue of $364.76 million during the quarter, compared to analyst estimates of $362.28 million. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts expect that Five Below Inc will post 3.06 earnings per share for the current fiscal year.
A number of research firms recently issued reports on FIVE. BidaskClub lowered Five Below from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $128.00 to $140.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group lifted their price target on Five Below from $120.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley started coverage on Five Below in a research note on Monday, July 1st. They issued an “overweight” rating and a $135.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $134.89.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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