Five Below Inc. (FIVE) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. raised its position in shares of Five Below Inc. (NASDAQ:FIVE) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,023 shares of the company’s stock after buying an additional 11,323 shares during the period. Prudential Financial Inc. owned 0.27% of Five Below worth $6,777,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of FIVE. BlackRock Institutional Trust Company N.A. increased its stake in Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock worth $56,358,000 after buying an additional 31,684 shares in the last quarter. GW&K Investment Management LLC increased its stake in Five Below by 2.7% in the second quarter. GW&K Investment Management LLC now owns 1,331,915 shares of the company’s stock worth $61,814,000 after buying an additional 34,698 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Five Below by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,091,310 shares of the company’s stock worth $50,647,000 after buying an additional 7,525 shares in the last quarter. RS Investment Management Co. LLC increased its stake in Five Below by 29.5% in the second quarter. RS Investment Management Co. LLC now owns 972,179 shares of the company’s stock worth $45,119,000 after buying an additional 221,660 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its stake in Five Below by 0.3% in the second quarter. Emerald Advisers Inc. PA now owns 719,299 shares of the company’s stock worth $33,383,000 after buying an additional 2,490 shares in the last quarter.
Shares of Five Below Inc. (NASDAQ:FIVE) opened at 40.56 on Monday. The company’s 50-day moving average price is $42.72 and its 200 day moving average price is $43.72. Five Below Inc. has a 1-year low of $26.95 and a 1-year high of $52.70. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 35.61 and a beta of 0.99.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. Five Below’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, analysts predict that Five Below Inc. will post $1.32 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. RBC Capital Markets reissued an “outperform” rating and issued a $54.00 target price (up from $53.00) on shares of Five Below in a research report on Thursday, September 1st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, July 15th. Royal Bank Of Canada raised their target price on Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $46.00 target price (up from $39.00) on shares of Five Below in a research report on Tuesday, August 2nd. Finally, BTIG Research assumed coverage on Five Below in a research report on Tuesday, August 23rd. They issued a “neutral” rating for the company. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.50.
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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