LRI Investments LLC Buys New Position in Five Below, Inc. (NASDAQ:FIVE)

LRI Investments LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 212 shares of the specialty retailer’s stock, valued at approximately $38,000.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Five Below in the 4th quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of Five Below during the 1st quarter valued at about $28,000. Planned Solutions Inc. acquired a new position in shares of Five Below during the 4th quarter valued at about $34,000. Quest Partners LLC acquired a new position in shares of Five Below during the 4th quarter valued at about $37,000. Finally, Parallel Advisors LLC increased its stake in shares of Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter.

Five Below Stock Up 0.3 %

Shares of Five Below stock traded up $0.22 on Friday, hitting $71.97. 2,158,737 shares of the company’s stock traded hands, compared to its average volume of 2,486,955. The stock has a market cap of $3.96 billion, a P/E ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.19. The firm’s 50-day moving average is $110.78 and its 200 day moving average is $153.36. Five Below, Inc. has a 52-week low of $71.02 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Equities research analysts forecast that Five Below, Inc. will post 4.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIVE. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. KeyCorp dropped their price objective on shares of Five Below from $165.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $160.00 to $113.00 in a report on Wednesday, July 17th. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Finally, The Goldman Sachs Group decreased their target price on Five Below from $163.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.89.

Five Below 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.