TIAA CREF Investment Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 14.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,903 shares of the specialty retailer’s stock after purchasing an additional 21,849 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.31% of Five Below worth $8,339,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after purchasing an additional 6,800,982 shares during the period. Vanguard Group Inc. increased its holdings in shares of Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after purchasing an additional 235,589 shares during the period. Jennison Associates LLC increased its holdings in shares of Five Below by 27.3% in the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock worth $84,493,000 after purchasing an additional 367,235 shares during the period. State Street Corp increased its holdings in shares of Five Below by 6.1% in the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock worth $60,437,000 after purchasing an additional 79,961 shares during the period. Finally, GW&K Investment Management LLC increased its holdings in shares of Five Below by 5.2% in the second quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock worth $62,833,000 after purchasing an additional 62,358 shares during the period.
Several research analysts have recently weighed in on FIVE shares. Loop Capital reaffirmed a “buy” rating and issued a $60.00 price target on shares of Five Below in a report on Friday, June 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, August 31st. Zacks Investment Research lowered shares of Five Below from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 target price on shares of Five Below in a research report on Wednesday, August 23rd. Finally, BidaskClub lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.41.
In related news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.92% of the stock is currently owned by insiders.
Shares of Five Below, Inc. (NASDAQ:FIVE) opened at 56.47 on Wednesday. Five Below, Inc. has a 52-week low of $35.03 and a 52-week high of $57.65. The firm’s 50-day moving average is $51.89 and its 200 day moving average is $49.49. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 39.00 and a beta of 0.90.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 28.7% on a year-over-year basis. Equities analysts expect that Five Below, Inc. will post $1.67 EPS for the current year.
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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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