State of Alaska Department of Revenue cut its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,900 shares of the specialty retailer’s stock after selling 751 shares during the period. State of Alaska Department of Revenue’s holdings in Five Below were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in FIVE. Raymond James Financial Services Advisors Inc. raised its position in shares of Five Below by 2.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after acquiring an additional 119 shares in the last quarter. Private Advisor Group LLC bought a new stake in Five Below in the 1st quarter valued at about $209,000. Citigroup Inc. increased its position in Five Below by 10.7% in the 1st quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock valued at $2,649,000 after buying an additional 1,610 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Five Below by 793.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 1,388 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Five Below by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock valued at $4,936,000 after buying an additional 2,155 shares in the last quarter.
Analysts Set New Price Targets
FIVE has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $220.00 target price on shares of Five Below in a research report on Friday, September 1st. Truist Financial decreased their target price on Five Below from $201.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Bank of America decreased their price objective on Five Below from $242.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Evercore ISI decreased their price objective on Five Below from $195.00 to $190.00 and set an “in-line” rating for the company in a report on Friday, September 8th. Finally, Telsey Advisory Group decreased their price objective on Five Below from $225.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.57.
Insiders Place Their Bets
In other news, CEO Joel D. Anderson purchased 3,100 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average price of $161.50 per share, with a total value of $500,650.00. Following the completion of the acquisition, the chief executive officer now owns 99,656 shares in the company, valued at approximately $16,094,444. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Five Below Price Performance
NASDAQ:FIVE opened at $164.33 on Friday. The company has a market cap of $9.15 billion, a P/E ratio of 33.74, a P/E/G ratio of 1.41 and a beta of 1.22. The stock’s fifty day moving average price is $170.44 and its two-hundred day moving average price is $187.56. Five Below, Inc. has a 1 year low of $130.15 and a 1 year high of $220.19.
Five Below (NASDAQ:FIVE – Get Free Report) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The firm had revenue of $759.00 million for the quarter, compared to the consensus estimate of $760.02 million. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, analysts expect that Five Below, Inc. will post 5.45 earnings per share for the current fiscal year.
Five Below Company 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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