Canada Pension Plan Investment Board increased its position in shares of Five Below Inc (NASDAQ:FIVE) by 112.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,153 shares of the specialty retailer’s stock after buying an additional 32,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.11% of Five Below worth $7,954,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Five Below by 1,598.1% during the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock valued at $119,000 after purchasing an additional 863 shares in the last quarter. Twin Tree Management LP acquired a new stake in Five Below during the second quarter valued at approximately $164,000. Tower Research Capital LLC TRC acquired a new stake in Five Below during the second quarter valued at approximately $176,000. Cerebellum GP LLC acquired a new stake in Five Below during the third quarter valued at approximately $184,000. Finally, CIBC Asset Management Inc acquired a new stake in Five Below during the second quarter valued at approximately $201,000. 95.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of FIVE opened at $95.58 on Friday. The company has a market capitalization of $5.83 billion, a PE ratio of 53.40, a price-to-earnings-growth ratio of 1.37 and a beta of 0.52. Five Below Inc has a one year low of $60.00 and a one year high of $136.13.
Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $312.82 million for the quarter, compared to the consensus estimate of $303.54 million. Five Below had a return on equity of 25.14% and a net margin of 8.74%. Research analysts anticipate that Five Below Inc will post 2.54 earnings per share for the current fiscal year.
In other news, Director Daniel Kaufman sold 3,995 shares of the business’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 value of $532,054.10. Following the transaction, the director now directly owns 5,047 shares of the company’s stock, valued at approximately $672,159.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David N. Makuen sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $116.43, for a total value of $1,397,160.00. Following the completion of the transaction, the insider now directly owns 20,863 shares in the company, valued at $2,429,079.09. The disclosure for this sale can be found here. Insiders sold a total of 19,303 shares of company stock worth $2,346,022 over the last three months. 2.60% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on the company. Barclays raised Five Below from an “equal weight” rating to an “overweight” rating in a report on Friday. ValuEngine downgraded Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday. Credit Suisse Group decreased their price objective on Five Below from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Finally, Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a report on Tuesday, August 21st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $119.00.
Five Below Company 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.
Recommended Story: Marijuana Stocks
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.