GW&K Investment Management LLC raised its stake in shares of Five Below Inc (NASDAQ:FIVE) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,832 shares of the specialty retailer’s stock after acquiring an additional 98,171 shares during the period. Five Below comprises approximately 1.4% of GW&K Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. GW&K Investment Management LLC owned 1.45% of Five Below worth $101,490,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Sandy Spring Bank bought a new stake in shares of Five Below during the 3rd quarter worth $25,000. Squar Milner Financial Services LLC raised its stake in shares of Five Below by 404.5% during the 3rd quarter. Squar Milner Financial Services LLC now owns 222 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 178 shares during the period. Tompkins Financial Corp bought a new stake in shares of Five Below during the 3rd quarter worth $38,000. Shine Investment Advisory Services Inc. raised its stake in shares of Five Below by 73.3% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 129 shares during the period. Finally, Quest Capital Management Inc. ADV bought a new stake in shares of Five Below during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 97.75% of the company’s stock.
In related news, Director Thomas Vellios sold 60,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $133.31, for a total value of $7,998,600.00. Following the sale, the director now directly owns 604,186 shares of the company’s stock, valued at $80,544,035.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.
FIVE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Five Below from $140.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Bank of America set a $150.00 target price on Five Below and gave the stock a “buy” rating in a research note on Monday, August 12th. Craig Hallum initiated coverage on Five Below in a research note on Tuesday, September 10th. They set a “buy” rating and a $168.00 target price on the stock. Wells Fargo & Co lifted their target price on Five Below from $143.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Finally, Royal Bank of Canada lifted their target price on Five Below from $126.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given 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 price target of $138.00.
Five Below stock traded down $3.04 during midday trading on Friday, reaching $126.96. The stock had a trading volume of 612,800 shares, compared to its average volume of 991,619. The company has a quick ratio of 1.09, a current ratio of 1.98 and a debt-to-equity ratio of 1.08. Five Below Inc has a 12 month low of $86.57 and a 12 month high of $148.21. The firm’s 50-day moving average price is $128.16 and its 200 day moving average price is $126.65. The firm has a market capitalization of $7.18 billion, a PE ratio of 49.40, a P/E/G ratio of 1.72 and a beta of 0.58.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $421.38 million. Five Below had a return on equity of 24.52% and a net margin of 9.26%. The business’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts expect that Five Below Inc will post 3.04 EPS for the current year.
About Five Below
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 nail polishes, lip glosses, fragrances, 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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