US Bancorp DE Trims Position in Five Below Inc (FIVE)
US Bancorp DE lowered its position in shares of Five Below Inc (NASDAQ:FIVE) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,697 shares of the specialty retailer’s stock after selling 2,786 shares during the period. US Bancorp DE’s holdings in Five Below were worth $4,954,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its position in Five Below by 24.1% during the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after acquiring an additional 412,641 shares during the last quarter. JPMorgan Chase & Co. grew its position in Five Below by 66.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,269 shares of the specialty retailer’s stock worth $288,000 after acquiring an additional 2,094 shares during the last quarter. Emerald Advisers Inc. PA grew its position in Five Below by 8.9% during the 3rd quarter. Emerald Advisers Inc. PA now owns 598,025 shares of the specialty retailer’s stock worth $32,820,000 after acquiring an additional 48,974 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Five Below during the 2nd quarter worth $588,000. Finally, Schwab Charles Investment Management Inc. grew its position in Five Below by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 301,656 shares of the specialty retailer’s stock worth $16,555,000 after acquiring an additional 11,140 shares during the last quarter.
In related news, EVP Michael Romanko sold 12,454 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $66.53, for a total transaction of $828,564.62. Following the sale, the executive vice president now owns 24,858 shares in the company, valued at approximately $1,653,802.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth R. Bull sold 15,946 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $66.00, for a total value of $1,052,436.00. Following the sale, the chief financial officer now owns 59,544 shares in the company, valued at approximately $3,929,904. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,400 shares of company stock worth $9,474,401. 3.22% of the stock is owned by corporate insiders.
Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. equities analysts forecast that Five Below Inc will post 1.81 earnings per share for the current year.
A number of equities research analysts have commented on the company. MKM Partners upped their price target on Five Below to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Deutsche Bank upgraded Five Below from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, January 3rd. Morgan Stanley upped their price target on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 27th. Jefferies Group reiterated a “buy” rating and issued a $85.00 price target on shares of Five Below in a research report on Monday, January 8th. Finally, Dougherty & Co upped their price target on Five Below from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.33.
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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