Acadian Asset Management LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, Holdings Channel reports. The institutional investor bought 14,661 shares of the specialty retailer’s stock, valued at approximately $723,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC increased its position in Five Below by 91.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock valued at $562,000 after buying an additional 5,584 shares during the period. US Bancorp DE increased its position in Five Below by 25.9% in the second quarter. US Bancorp DE now owns 67,971 shares of the specialty retailer’s stock valued at $3,355,000 after buying an additional 13,966 shares during the period. Legato Capital Management LLC increased its position in Five Below by 887.9% in the second quarter. Legato Capital Management LLC now owns 7,982 shares of the specialty retailer’s stock valued at $394,000 after buying an additional 7,174 shares during the period. LS Investment Advisors LLC increased its position in Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after buying an additional 39 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Five Below by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 10,878 shares of the specialty retailer’s stock valued at $537,000 after buying an additional 4,798 shares during the period.

Five Below, Inc. (NASDAQ FIVE) traded up 0.43% during midday trading on Friday, hitting $48.50. The stock had a trading volume of 340,674 shares. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13. The company’s 50-day moving average price is $47.96 and its 200 day moving average price is $45.64. The stock has a market cap of $2.67 billion, a P/E ratio of 36.49 and a beta of 0.94.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts predict that Five Below, Inc. will post $1.64 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the company. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS AG downgraded Five Below from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $59.00 to $52.00 in a research report on Monday, July 10th. Loop Capital reiterated a “buy” rating and set a $60.00 target price on shares of Five Below in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 target price (up from $40.00) on shares of Five Below in a research report on Saturday, June 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Five Below in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.74.

In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.22% of the stock is owned by insiders.

About Five Below

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

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