Azzad Asset Management Inc. ADV Purchases New Shares in Five Below, Inc. (NASDAQ:FIVE)

Azzad Asset Management Inc. ADV acquired a new position in Five Below, Inc. (NASDAQ:FIVE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,995 shares of the specialty retailer’s stock, valued at approximately $725,000.

Other large investors have also recently made changes to their positions in the company. Junto Capital Management LP purchased a new position in Five Below in the fourth quarter worth about $73,472,000. Norges Bank purchased a new stake in Five Below during the 4th quarter valued at $68,825,000. Scopus Asset Management L.P. bought a new stake in Five Below in the third quarter worth $17,929,000. Comerica Bank bought a new position in Five Below during the third quarter valued at $16,481,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Five Below by 233.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 100,000 shares of the specialty retailer’s stock valued at $16,090,000 after acquiring an additional 70,000 shares during the period.

Five Below Price Performance

NASDAQ FIVE traded up $1.00 during midday trading on Wednesday, hitting $107.15. 228,273 shares of the company traded hands, compared to its average volume of 1,072,137. The company has a market cap of $5.90 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Five Below, Inc. has a 52 week low of $104.80 and a 52 week high of $216.18. The company’s 50-day simple moving average is $129.80 and its 200-day simple moving average is $167.26.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, research analysts predict that Five Below, Inc. will post 5.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FIVE shares. UBS Group dropped their price target on shares of Five Below from $245.00 to $223.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Mizuho cut their target price on Five Below from $215.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and decreased their price target for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Craig Hallum cut their price objective on Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Finally, Guggenheim reduced their target price on Five Below from $230.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.