Bank of New York Mellon Corp decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 671,117 shares of the specialty retailer’s stock after selling 29,032 shares during the quarter. Bank of New York Mellon Corp owned 1.22% of Five Below worth $33,133,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. grew its stake in shares of Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 540 shares in the last quarter. Tyers Asset Management LLC grew its stake in shares of Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after purchasing an additional 420 shares in the last quarter. Strs Ohio boosted its stake in Five Below by 30.4% during the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 700 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Five Below by 17.6% during the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 510 shares in the last quarter. Finally, Invictus RG bought a new position in Five Below during the first quarter valued at about $183,000.
Shares of Five Below, Inc. (FIVE) opened at 49.59 on Friday. The firm has a 50-day moving average price of $49.07 and a 200-day moving average price of $47.35. 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.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The firm had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. During the same period last year, the business posted $0.18 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current year.
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Several brokerages recently weighed in on FIVE. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Five Below in a research note on Tuesday, September 12th. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, September 7th. Buckingham Research reaffirmed a “buy” rating and set a $62.00 target price on shares of Five Below in a report on Friday, September 1st. Deutsche Bank AG reaffirmed a “hold” rating and set 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $54.15.
About Five Below
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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