Five Below, Inc. (FIVE) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,477 shares of the specialty retailer’s stock after buying an additional 378 shares during the quarter. Amalgamated Bank’s holdings in Five Below were worth $369,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Five Below by 27,003.0% during the 1st quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Five Below by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after buying an additional 235,589 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Five Below by 27.3% during the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after buying an additional 367,235 shares during the last quarter. State Street Corp boosted its stake in shares of Five Below by 6.1% during the 1st quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock valued at $60,437,000 after buying an additional 79,961 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Five Below by 5.2% during the 2nd quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock valued at $62,833,000 after buying an additional 62,358 shares during the last quarter.
Shares of Five Below, Inc. (NASDAQ:FIVE) opened at 57.28 on Friday. The firm has a 50-day moving average price of $50.86 and a 200 day moving average price of $48.88. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 39.56 and a beta of 0.90. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $57.65.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $283.30 million for the quarter, compared to analyst estimates of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. Five Below’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current fiscal year.
In related news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.22% of the stock is owned by insiders.
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Several research firms have recently commented on FIVE. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Five Below in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, September 7th. Buckingham Research reiterated a “buy” rating and set a $62.00 target price on shares of Five Below in a research note on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $54.00 target price (up from $53.00) on shares of Five Below in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.15.
Five Below 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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