Renaissance Technologies LLC Takes Position in Five Below, Inc. (FIVE)
Renaissance Technologies LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the first quarter, Holdings Channel reports. The firm acquired 73,300 shares of the specialty retailer’s stock, valued at approximately $3,175,000.
Other large investors have also bought and sold shares of the company. First Mercantile Trust Co. raised its stake in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 540 shares in the last quarter. Tyers Asset Management LLC raised its stake in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 420 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in Five Below during the first quarter valued at about $125,000. Strs Ohio raised its stake in Five Below by 30.4% in the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 700 shares in the last quarter. Finally, Flinton Capital Management LLC raised its stake in Five Below by 17.6% in the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 510 shares in the last quarter.
Five Below, Inc. (NASDAQ FIVE) traded up 0.43% during midday trading on Friday, hitting $48.50. The stock had a trading volume of 340,674 shares. The stock’s 50-day moving average is $47.96 and its 200-day moving average is $45.64. Five Below, Inc. has a 1-year low of $35.03 and a 1-year high of $54.13. The company has a market capitalization of $2.67 billion, a PE ratio of 36.49 and a beta of 0.94.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities research analysts forecast that Five Below, Inc. will post $1.64 EPS for the current year.
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Several equities research analysts recently issued reports on FIVE shares. Gordon Haskett started coverage on Five Below in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $57.00 price objective for the company. Loop Capital reissued a “buy” rating and set a $60.00 price objective (up previously from $54.00) on shares of Five Below in a research note on Friday, June 2nd. UBS AG lifted their price objective on Five Below from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Five Below in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.74.
In related news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.22% of the stock is currently owned by company insiders.
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. Its product groups include leisure, fashion and home, and party and snack.
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