Integrated Wealth Concepts LLC Takes Position in Five Below Inc (FIVE)
Integrated Wealth Concepts LLC acquired a new position in shares of Five Below Inc (NASDAQ:FIVE) during the third quarter, Holdings Channel reports. The fund acquired 1,833 shares of the specialty retailer’s stock, valued at approximately $235,000.
Several other institutional investors and hedge funds also recently modified their holdings of FIVE. Advisory Services Network LLC lifted its stake in shares of Five Below by 1,598.1% in the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 863 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Five Below in the third quarter worth about $184,000. Sawtooth Solutions LLC acquired a new position in shares of Five Below in the third quarter worth about $201,000. Norris Perne & French LLP MI acquired a new position in shares of Five Below in the third quarter worth about $209,000. Finally, Cidel Asset Management Inc. acquired a new position in shares of Five Below in the third quarter worth about $211,000. Institutional investors own 95.42% of the company’s stock.
In other news, Director Daniel Kaufman sold 3,995 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total transaction of $532,054.10. Following the completion of the transaction, the director now directly owns 5,047 shares of the company’s stock, valued at $672,159.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the transaction, the executive vice president now directly owns 18,092 shares of the company’s stock, valued at $2,279,592. The disclosure for this sale can be found here. Insiders have sold 19,303 shares of company stock valued at $2,346,022 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Shares of NASDAQ FIVE opened at $104.58 on Wednesday. Five Below Inc has a 52-week low of $60.00 and a 52-week high of $136.13. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 1.45 and a beta of 0.52.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $347.73 million during the quarter, compared to analyst estimates of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. Equities research analysts expect that Five Below Inc will post 2.54 EPS for the current fiscal year.
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Five Below Profile
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 beauty products comprising nail polish, lip gloss, fragrance, 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.
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