Five Below, Inc. (FIVE) Shares Bought by Cortina Asset Management LLC
Cortina Asset Management LLC boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 18.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,859 shares of the specialty retailer’s stock after buying an additional 33,679 shares during the quarter. Cortina Asset Management LLC owned 0.40% of Five Below worth $12,121,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in FIVE. Jennison Associates LLC boosted its stake in Five Below by 24.1% during the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after buying an additional 412,641 shares during the period. Macquarie Group Ltd. boosted its stake in Five Below by 42.2% during the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock worth $38,313,000 after buying an additional 230,191 shares during the period. OxFORD Asset Management LLP boosted its stake in Five Below by 1,392.6% during the second quarter. OxFORD Asset Management LLP now owns 171,371 shares of the specialty retailer’s stock worth $8,461,000 after buying an additional 159,890 shares during the period. Engineers Gate Manager LP purchased a new position in Five Below during the second quarter worth about $5,540,000. Finally, Neuberger Berman Group LLC boosted its stake in Five Below by 28.6% during the second quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock worth $24,402,000 after buying an additional 110,050 shares during the period.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.92% of the stock is owned by insiders.
Several research analysts have weighed in on FIVE shares. BidaskClub lowered shares of Five Below from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Dougherty & Co reissued a “buy” rating on shares of Five Below in a research note on Friday, August 18th. Jefferies Group LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, August 23rd. Finally, Loop Capital set a $60.00 price objective on shares of Five Below and gave the company a “buy” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Five Below currently has a consensus rating of “Buy” and a consensus target price of $55.29.
Shares of Five Below, Inc. (FIVE) traded down $0.41 during trading on Tuesday, reaching $59.49. 897,300 shares of the company were exchanged, compared to its average volume of 1,074,307. Five Below, Inc. has a one year low of $36.90 and a one year high of $60.12. The stock has a market capitalization of $3,250.00, a P/E ratio of 41.31, a P/E/G ratio of 1.26 and a beta of 0.80.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. sell-side analysts predict that Five Below, Inc. will post 1.66 EPS for the current fiscal year.
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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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