Five Below Inc (FIVE) Stake Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in shares of Five Below Inc (NASDAQ:FIVE) by 22.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,015 shares of the specialty retailer’s stock after purchasing an additional 1,301 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Five Below were worth $912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Five Below by 1,598.1% in the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 863 shares during the last quarter. Twin Tree Management LP purchased a new stake in Five Below in the second quarter valued at approximately $164,000. Tower Research Capital LLC TRC purchased a new stake in Five Below in the second quarter valued at approximately $176,000. Cerebellum GP LLC purchased a new stake in Five Below in the third quarter valued at approximately $184,000. Finally, CIBC Asset Management Inc purchased a new stake in Five Below in the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

In other news, insider David N. Makuen sold 12,000 shares of the stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the transaction, the insider now owns 20,863 shares in the company, valued at approximately $2,429,079.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Romanko sold 3,308 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the transaction, the executive vice president now owns 18,092 shares in the company, valued at approximately $2,279,592. The disclosure for this sale can be found here. Insiders have sold a total of 19,303 shares of company stock worth $2,346,022 in the last quarter. Insiders own 2.60% of the company’s stock.

A number of equities research analysts recently commented on the company. BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Telsey Advisory Group started coverage on Five Below in a research report on Wednesday, October 24th. They issued a “market perform” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on Five Below from $150.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, September 24th. Barclays restated a “hold” rating and issued a $128.00 price objective on shares of Five Below in a research report on Sunday, September 9th. Finally, Loop Capital upped their price objective on Five Below from $100.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $115.44.

Five Below stock opened at $102.83 on Friday. Five Below Inc has a 12 month low of $58.42 and a 12 month high of $136.13. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 57.45, a P/E/G ratio of 1.35 and a beta of 0.57.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business had revenue of $347.73 million for the quarter, compared to analyst estimates of $334.82 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Five Below Inc will post 2.54 earnings per share for the current year.

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Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Further Reading: Average Daily Trade Volume – What You Need to Know

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).

Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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