Janus Henderson Group PLC boosted its position in Five Below Inc (NASDAQ:FIVE) by 23.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,953 shares of the specialty retailer’s stock after acquiring an additional 552 shares during the quarter. Janus Henderson Group PLC’s holdings in Five Below were worth $367,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Five Below in the 4th quarter valued at about $41,000. Quadrant Capital Group LLC raised its stake in shares of Five Below by 74.2% in the 1st quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 198 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Five Below by 43.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 150 shares in the last quarter. Somerset Trust Co grew its position in shares of Five Below by 151.6% during the 1st quarter. Somerset Trust Co now owns 707 shares of the specialty retailer’s stock valued at $88,000 after buying an additional 426 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Five Below during the 4th quarter valued at about $126,000. Institutional investors and hedge funds own 94.02% of the company’s stock.
In other Five Below news, CEO Joel D. Anderson sold 30,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the transaction, the chief executive officer now owns 192,174 shares in the company, valued at approximately $25,186,324.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kathleen S. Barclay sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $140.86, for a total transaction of $352,150.00. Following the completion of the transaction, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,850,196.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is owned by insiders.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The firm had revenue of $602.68 million during the quarter, compared to analysts’ expectations of $601.53 million. During the same quarter in the prior year, the firm earned $1.21 EPS. Five Below’s quarterly revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts forecast that Five Below Inc will post 3.06 earnings per share for the current year.
A number of equities research analysts recently weighed in on FIVE shares. ValuEngine raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 24th. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. JPMorgan Chase & Co. downgraded shares of Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price objective for the company. in a research report on Friday, February 22nd. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Finally, Oppenheimer started coverage on shares of Five Below in a research report on Wednesday, March 6th. They set an “outperform” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $129.10.
About Five Below
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 nail polishes, lip glosses, fragrances, 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.
See Also: Asset Allocation
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).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.