Peregrine Capital Management LLC acquired a new position in shares of Five Below Inc (NASDAQ:FIVE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 97,235 shares of the specialty retailer’s stock, valued at approximately $10,395,000. Peregrine Capital Management LLC owned approximately 0.17% of Five Below at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in shares of Five Below by 23.8% during the first quarter. First Horizon Advisors Inc. now owns 645 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 124 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Five Below by 4.0% during the first quarter. First Hawaiian Bank now owns 3,321 shares of the specialty retailer’s stock worth $234,000 after acquiring an additional 127 shares in the last quarter. Camelot Portfolios LLC increased its position in Five Below by 6.5% during the first quarter. Camelot Portfolios LLC now owns 2,930 shares of the specialty retailer’s stock worth $206,000 after buying an additional 180 shares during the last quarter. Fifth Third Bancorp increased its position in Five Below by 2.1% during the first quarter. Fifth Third Bancorp now owns 11,735 shares of the specialty retailer’s stock worth $826,000 after buying an additional 237 shares during the last quarter. Finally, Private Capital Group LLC increased its position in Five Below by 85.9% during the first quarter. Private Capital Group LLC now owns 565 shares of the specialty retailer’s stock worth $40,000 after buying an additional 261 shares during the last quarter.

Shares of NASDAQ:FIVE traded down $2.47 during trading on Friday, reaching $108.91. The stock had a trading volume of 639,852 shares, compared to its average volume of 740,318. Five Below Inc has a 52 week low of $47.53 and a 52 week high of $137.96. The business’s 50-day moving average price is $106.23 and its 200 day moving average price is $97.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.58 and a quick ratio of 0.56. The stock has a market capitalization of $6.07 billion, a PE ratio of 62.23, a P/E/G ratio of 3.64 and a beta of 1.22.

Five Below (NASDAQ:FIVE) last posted its earnings results on Tuesday, June 9th. The specialty retailer reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.56). Five Below had a net margin of 5.87% and a return on equity of 14.23%. The firm had revenue of $200.90 million during the quarter, compared to the consensus estimate of $230.89 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was down 44.9% on a year-over-year basis. Analysts forecast that Five Below Inc will post 1.57 EPS for the current year.

Several research firms have commented on FIVE. Royal Bank of Canada increased their target price on shares of Five Below from $102.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank increased their target price on shares of Five Below from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, June 10th. BidaskClub raised Five Below from a “sell” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Craig Hallum raised their price target on Five Below from $105.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and an average target price of $118.00.

In related news, Director Thomas Vellios sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $110.19, for a total value of $11,019,000.00. Following the completion of the sale, the director now owns 524,828 shares of the company’s stock, valued at $57,830,797.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kenneth R. Bull sold 9,123 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $114.13, for a total transaction of $1,041,207.99. Following the completion of the sale, the chief financial officer now directly owns 92,650 shares of the company’s stock, valued at approximately $10,574,144.50. The disclosure for this sale can be found here. Insiders sold 247,712 shares of company stock valued at $26,677,806 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

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 d├ęcor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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