Wellington Management Group LLP decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327,811 shares of the specialty retailer’s stock after selling 320,226 shares during the period. Wellington Management Group LLP owned approximately 2.42% of Five Below worth $57,508,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of FIVE. Russell Investments Group Ltd. bought a new position in Five Below during the fourth quarter worth approximately $9,069,000. Comerica Bank boosted its position in Five Below by 5.6% in the fourth quarter. Comerica Bank now owns 58,835 shares of the specialty retailer’s stock worth $2,428,000 after buying an additional 3,105 shares in the last quarter. State Street Corp boosted its position in Five Below by 3.9% in the fourth quarter. State Street Corp now owns 1,315,466 shares of the specialty retailer’s stock worth $52,564,000 after buying an additional 49,924 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Five Below by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,141,397 shares of the specialty retailer’s stock worth $45,609,000 after buying an additional 15,672 shares in the last quarter. Finally, Renaissance Group LLC bought a new position in Five Below during the fourth quarter worth approximately $316,000.
Shares of Five Below, Inc. (NASDAQ:FIVE) traded down 0.35% during midday trading on Friday, reaching $48.02. 1,532,704 shares of the company’s stock traded hands. The company has a 50-day moving average of $51.23 and a 200-day moving average of $43.59. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 36.13 and a beta of 0.95. Five Below, Inc. has a one year low of $35.03 and a one year high of $54.13.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $232.90 million during the quarter, compared to analyst estimates of $230.75 million. Five Below had a net margin of 7.06% and a return on equity of 24.02%. Five Below’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Five Below, Inc. will post $1.64 EPS for the current year.
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A number of research firms have commented on FIVE. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price target (up previously from $48.00) on shares of Five Below in a research note on Tuesday, May 30th. Guggenheim reissued a “buy” rating and issued a $60.00 price target (up previously from $52.00) on shares of Five Below in a research note on Saturday, June 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $65.00 price target (up previously from $47.00) on shares of Five Below in a research note on Saturday, June 3rd. BTIG Research reissued a “neutral” rating on shares of Five Below in a research note on Saturday, June 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (up previously from $40.00) on shares of Five Below in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.85.
In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of Five Below stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the transaction, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is owned by insiders.
Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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