Rice Hall James & Associates LLC Decreases Stake in Five Below Inc. (FIVE)
Rice Hall James & Associates LLC lowered its position in Five Below Inc. (NASDAQ:FIVE) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 365,715 shares of the company’s stock after selling 15,248 shares during the period. Rice Hall James & Associates LLC’s holdings in Five Below were worth $16,973,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. First National Bank of Omaha purchased a new stake in shares of Five Below during the second quarter worth about $209,000. Cim LLC purchased a new stake in shares of Five Below during the second quarter worth about $219,000. Bank of Montreal Can purchased a new stake in shares of Five Below during the second quarter worth about $236,000. 1st Global Advisors Inc. boosted its stake 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 worth $271,000 after buying an additional 394 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new stake in shares of Five Below during the first quarter worth about $291,000.
Five Below Inc. (NASDAQ:FIVE) traded down 1.71% during mid-day trading on Monday, reaching $39.60. The company had a trading volume of 873,530 shares. Five Below Inc. has a 12-month low of $26.95 and a 12-month high of $52.70. The firm has a 50-day moving average price of $43.90 and a 200 day moving average price of $43.72. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 34.77 and a beta of 0.99.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ 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 firm earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. During the same period last year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts expect that Five Below Inc. will post $1.32 EPS for the current year.
FIVE has been the subject of several recent research reports. BTIG Research initiated coverage on Five Below in a research note on Tuesday, August 23rd. They issued a “neutral” rating for the company. They noted that the move was a valuation call. MKM Partners reiterated a “buy” rating and issued a $60.00 price target on shares of Five Below in a research note on Monday, September 5th. Barclays PLC initiated coverage on Five Below in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $42.00 price target for the company. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, July 15th. Finally, Buckingham Research reiterated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Five Below in a research note on Tuesday, June 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.50.
Five Below Company 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. The Company’s product groups include leisure, fashion and home, and party and snack.
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