UBS Asset Management Americas Inc. increased its stake in shares of Five Below Inc. (NASDAQ:FIVE) by 52.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 361,171 shares of the company’s stock after buying an additional 123,666 shares during the period. UBS Asset Management Americas Inc. owned about 0.66% of Five Below worth $16,763,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FIVE. Huntington National Bank boosted its position in shares of Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock valued at $144,000 after buying an additional 158 shares in the last quarter. FineMark National Bank & Trust boosted its position in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock valued at $122,000 after buying an additional 240 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of Five Below by 7.2% in the second quarter. 1st Global Advisors Inc. now owns 5,835 shares of the company’s stock valued at $271,000 after buying an additional 394 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Five Below by 3.9% in the second quarter. Capstone Asset Management Co. now owns 16,320 shares of the company’s stock valued at $757,000 after buying an additional 620 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Five Below by 1.5% in the second quarter. Strs Ohio now owns 76,100 shares of the company’s stock valued at $3,531,000 after buying an additional 1,100 shares in the last quarter.

Shares of Five Below Inc. (NASDAQ:FIVE) traded up 2.05% on Wednesday, reaching $41.29. 564,941 shares of the company were exchanged. The firm’s 50 day moving average price is $45.74 and its 200 day moving average price is $43.63. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 36.25 and a beta of 0.96. Five Below Inc. has a 52 week low of $26.95 and a 52 week high of $52.70.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The business earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities research analysts anticipate that Five Below Inc. will post $1.32 EPS for the current year.

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Five Below in a research report on Saturday, June 4th. Stifel Nicolaus reiterated a “buy” rating and set a $42.00 price target (down previously from $48.00) on shares of Five Below in a research report on Friday, June 3rd. Credit Suisse Group AG reiterated a “buy” rating and set a $47.00 price target on shares of Five Below in a research report on Friday, June 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of Five Below in a research report on Thursday, June 2nd. Finally, Morgan Stanley upped their price objective on shares of Five Below from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Friday, June 3rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.64.

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. The Company’s product groups include leisure, fashion and home, and party and snack.

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