Perpetual Ltd Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Perpetual Ltd bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 980 shares of the specialty retailer’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in shares of Five Below in the 4th quarter worth approximately $3,644,000. GSA Capital Partners LLP purchased a new stake in shares of Five Below in the 4th quarter worth approximately $360,000. New York State Teachers Retirement System grew its stake in shares of Five Below by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 53,236 shares of the specialty retailer’s stock worth $10,965,000 after buying an additional 200 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Five Below by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 110,360 shares of the specialty retailer’s stock worth $19,519,000 after buying an additional 514 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Five Below by 53.7% in the 1st quarter. SG Americas Securities LLC now owns 12,627 shares of the specialty retailer’s stock worth $2,601,000 after buying an additional 4,414 shares during the last quarter.

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Five Below Stock Up 1.2 %

Shares of Five Below stock opened at $194.90 on Thursday. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 1.59 and a beta of 1.21. The business has a 50-day moving average price of $195.02 and a 200-day moving average price of $197.87. Five Below, Inc. has a twelve month low of $123.55 and a twelve month high of $220.19.

Five Below (NASDAQ:FIVE – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $726.25 million during the quarter, compared to analyst estimates of $728.20 million. Five Below had a return on equity of 20.90% and a net margin of 8.42%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. On average, equities analysts expect that Five Below, Inc. will post 5.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Five Below from $238.00 to $239.00 in a research report on Friday, June 2nd. Citigroup lowered their price objective on Five Below from $225.00 to $220.00 in a research report on Wednesday, May 24th. Craig Hallum lowered their price objective on Five Below from $235.00 to $224.00 in a research report on Friday, June 2nd. StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Bank of America increased their price target on Five Below from $220.00 to $242.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.59.

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About Five Below

(Free Report)

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

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