Synovus Financial Corp raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,318 shares of the specialty retailer’s stock after acquiring an additional 215 shares during the period. Synovus Financial Corp’s holdings in Five Below were worth $833,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of FIVE. The PNC Financial Services Group Inc. grew its holdings in shares of Five Below by 34.0% during the 1st quarter. The PNC Financial Services Group Inc. now owns 16,669 shares of the specialty retailer’s stock valued at $3,180,000 after purchasing an additional 4,229 shares during the last quarter. Morgan Stanley grew its stake in shares of Five Below by 6.0% during the fourth quarter. Morgan Stanley now owns 508,329 shares of the specialty retailer’s stock valued at $88,946,000 after buying an additional 28,564 shares during the last quarter. Comerica Bank increased its holdings in shares of Five Below by 17.5% in the first quarter. Comerica Bank now owns 70,455 shares of the specialty retailer’s stock worth $13,784,000 after buying an additional 10,509 shares during the period. Captrust Financial Advisors lifted its stake in shares of Five Below by 24.5% in the 4th quarter. Captrust Financial Advisors now owns 7,127 shares of the specialty retailer’s stock valued at $1,247,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Five Below by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 158,213 shares of the specialty retailer’s stock valued at $30,185,000 after acquiring an additional 15,161 shares during the period.
A number of analysts have recently weighed in on FIVE shares. The Goldman Sachs Group increased their price objective on Five Below from $214.00 to $229.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Barclays increased their price target on shares of Five Below from $180.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, March 18th. They noted that the move was a valuation call. Wells Fargo & Company boosted their price objective on shares of Five Below from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Evercore ISI lowered shares of Five Below to a “hold” rating in a report on Sunday, June 6th. Finally, Craig Hallum boosted their price target on Five Below from $208.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, March 18th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.60.
Shares of FIVE opened at $186.53 on Friday. The company has a market cap of $10.44 billion, a PE ratio of 46.98, a P/E/G ratio of 1.28 and a beta of 1.28. The stock has a 50 day moving average of $190.78. Five Below, Inc. has a 52 week low of $96.61 and a 52 week high of $205.28.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 2nd. The specialty retailer reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.23. Five Below had a return on equity of 27.01% and a net margin of 9.48%. The business had revenue of $597.80 million during the quarter, compared to analysts’ expectations of $555.21 million. During the same quarter in the previous year, the business earned ($0.91) earnings per share. The firm’s quarterly revenue was up 197.6% compared to the same quarter last year. As a group, research analysts forecast that Five Below, Inc. will post 4.47 earnings per share for the current fiscal year.
About Five Below
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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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