Pacifica Capital Investments LLC cut its stake in Five Below, Inc. (NASDAQ:FIVE) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 466,079 shares of the specialty retailer’s stock after selling 4,650 shares during the quarter. Five Below makes up approximately 11.8% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 4th largest position. Pacifica Capital Investments LLC owned approximately 0.85% of Five Below worth $23,010,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Alps Advisors Inc. raised its stake in shares of Five Below by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock worth $617,000 after buying an additional 32 shares during the period. LS Investment Advisors LLC increased its position in shares of Five Below by 0.8% during the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $234,000 after purchasing an additional 39 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares in the last quarter. Renaissance Group LLC increased its position in shares of Five Below by 1.2% during the second quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock worth $391,000 after purchasing an additional 95 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Five Below by 0.3% during the second quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after purchasing an additional 100 shares in the last quarter.
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Shares of Five Below, Inc. (NASDAQ:FIVE) opened at 49.59 on Friday. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $54.13. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 34.25 and a beta of 0.93. The stock’s 50 day moving average price is $49.07 and its 200 day moving average price is $47.35.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. Five Below’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Equities research analysts predict that Five Below, Inc. will post $1.67 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and issued a $52.00 target price on shares of Five Below in a report on Tuesday, September 12th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, September 7th. Buckingham Research restated a “buy” rating and issued a $62.00 target price on shares of Five Below in a report on Friday, September 1st. Deutsche Bank AG restated a “hold” rating and issued a $54.00 target price (up from $53.00) on shares of Five Below in a report on Thursday, August 31st. Finally, Royal Bank Of Canada upped their target price on Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $54.15.
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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