Natixis Advisors L.P. Boosts Holdings in Five Below Inc (NASDAQ:FIVE)
Natixis Advisors L.P. boosted its position in shares of Five Below Inc (NASDAQ:FIVE) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,124 shares of the specialty retailer’s stock after acquiring an additional 2,235 shares during the period. Natixis Advisors L.P. owned 0.05% of Five Below worth $3,495,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. FMR LLC lifted its position in Five Below by 96.6% during the first quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock valued at $307,065,000 after acquiring an additional 1,214,030 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in Five Below during the second quarter valued at approximately $176,413,000. Wells Fargo & Company MN lifted its position in Five Below by 16.1% during the second quarter. Wells Fargo & Company MN now owns 910,199 shares of the specialty retailer’s stock valued at $109,241,000 after acquiring an additional 126,033 shares during the last quarter. Jennison Associates LLC lifted its position in Five Below by 46.6% during the second quarter. Jennison Associates LLC now owns 748,675 shares of the specialty retailer’s stock valued at $89,856,000 after acquiring an additional 238,106 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Five Below by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock valued at $64,844,000 after acquiring an additional 47,729 shares during the last quarter. 97.83% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. Wells Fargo & Co increased their target price on shares of Five Below from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Deutsche Bank set a $146.00 target price on shares of Five Below and gave the company a “buy” rating in a research report on Monday, August 26th. Bank of America set a $150.00 target price on shares of Five Below and gave the company a “buy” rating in a research report on Monday, August 12th. Morgan Stanley assumed coverage on shares of Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 target price for the company. Finally, ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $137.22.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $421.38 million. During the same quarter in the prior year, the business posted $0.42 EPS. Five Below’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities research analysts predict that Five Below Inc will post 3.04 earnings per share for the current year.
Five Below 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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