Edgestream Partners L.P. Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Edgestream Partners L.P. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,632 shares of the specialty retailer’s stock, valued at approximately $659,000.

Several other large investors also recently modified their holdings of FIVE. CVA Family Office LLC bought a new stake in shares of Five Below in the 4th quarter valued at approximately $36,000. Raymond James Financial Services Advisors Inc. grew its position in Five Below by 64.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,648 shares of the specialty retailer’s stock worth $778,000 after acquiring an additional 1,435 shares during the last quarter. Pacer Advisors Inc. grew its position in Five Below by 60.5% during the 4th quarter. Pacer Advisors Inc. now owns 10,383 shares of the specialty retailer’s stock worth $2,213,000 after acquiring an additional 3,914 shares during the last quarter. Planned Solutions Inc. bought a new stake in Five Below during the 4th quarter worth approximately $34,000. Finally, Alterity Financial Group LLC bought a new stake in Five Below during the 4th quarter worth approximately $238,000.

Five Below Trading Down 1.6 %

Shares of NASDAQ FIVE traded down $1.21 during mid-day trading on Wednesday, hitting $74.56. The company had a trading volume of 353,590 shares, compared to its average volume of 1,260,652. The company has a market capitalization of $4.11 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. The firm has a 50-day simple moving average of $114.83 and a two-hundred day simple moving average of $155.62. Five Below, Inc. has a one year low of $71.66 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts expect that Five Below, Inc. will post 4.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIVE shares. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Bank of America cut their price target on Five Below from $125.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Telsey Advisory Group cut their price target on Five Below from $155.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Craig Hallum cut their price target on Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Finally, Guggenheim dropped their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.89.

About Five Below

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.