Tower Research Capital LLC TRC increased its position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 219.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,636 shares of the specialty retailer’s stock after buying an additional 2,498 shares during the period. Tower Research Capital LLC TRC’s holdings in Five Below were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in FIVE. 1832 Asset Management L.P. acquired a new position in Five Below during the fourth quarter worth $99,794,000. Wasatch Advisors Inc. increased its holdings in Five Below by 21.4% during the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after buying an additional 471,349 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Five Below by 248.3% during the first quarter. Eagle Asset Management Inc. now owns 455,738 shares of the specialty retailer’s stock worth $93,868,000 after purchasing an additional 324,891 shares during the period. Morgan Stanley boosted its position in Five Below by 37.2% during the fourth quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock worth $187,196,000 after purchasing an additional 286,839 shares during the period. Finally, Norges Bank bought a new position in Five Below during the fourth quarter worth $50,684,000.
Analysts Set New Price Targets
A number of equities analysts have commented on FIVE shares. Truist Financial reduced their price objective on shares of Five Below from $224.00 to $222.00 in a research report on Friday, June 2nd. Citigroup reduced their price objective on shares of Five Below from $225.00 to $220.00 in a research report on Wednesday, May 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Five Below from $238.00 to $239.00 in a research report on Friday, June 2nd. Craig Hallum reduced their target price on shares of Five Below from $235.00 to $224.00 in a research report on Friday, June 2nd. Finally, StockNews.com initiated coverage on shares of Five Below in a research note on Thursday. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Five Below currently has an average rating of “Moderate Buy” and an average price target of $215.59.
Five Below Trading Up 2.7 %
FIVE stock opened at $194.25 on Friday. The stock has a market capitalization of $10.81 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. Five Below, Inc. has a 12 month low of $123.55 and a 12 month high of $220.19. The firm has a 50-day moving average price of $196.79 and a 200-day moving average price of $197.87.
Five Below (NASDAQ:FIVE – Get Free Report) last posted its earnings results on Thursday, June 1st. The specialty retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $726.25 million during the quarter, compared to analysts’ expectations of $728.20 million. Five Below had a net margin of 8.42% and a return on equity of 20.90%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, equities analysts predict that Five Below, Inc. will post 5.59 EPS for the current fiscal year.
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 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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