Gs Investments Inc. Invests $1.20 Million in Five Below, Inc. (FIVE) Stock
Gs Investments Inc. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,250 shares of the specialty retailer’s stock, valued at approximately $1,197,000.
A number of other large investors have also made changes to their positions in FIVE. BlackRock Inc. grew its stake in Five Below by 27,003.0% in the 1st quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after purchasing an additional 6,800,982 shares during the period. FMR LLC grew its stake in Five Below by 111.2% in the 1st quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock valued at $30,970,000 after purchasing an additional 376,527 shares during the period. Jennison Associates LLC grew its stake in Five Below by 27.3% in the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after purchasing an additional 367,235 shares during the period. Vanguard Group Inc. grew its stake in Five Below by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after purchasing an additional 235,589 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Five Below by 42.2% in the 2nd quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after purchasing an additional 230,191 shares during the period.
In related news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.22% of the company’s stock.
A number of brokerages have issued reports on FIVE. Jefferies Group LLC restated a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Wednesday, August 23rd. BidaskClub downgraded Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Loop Capital restated a “buy” rating and issued a $60.00 price objective on shares of Five Below in a research note on Friday, June 30th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, September 7th. Finally, Buckingham Research restated a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Five Below currently has a consensus rating of “Buy” and a consensus target price of $54.41.
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Shares of Five Below, Inc. (NASDAQ:FIVE) traded up 0.30% on Friday, hitting $57.20. The stock had a trading volume of 127,325 shares. The stock has a 50 day moving average of $52.63 and a 200-day moving average of $49.77. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $57.65. The stock has a market cap of $3.16 billion, a PE ratio of 39.50 and a beta of 0.90.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company had revenue of $283.30 million during the quarter, compared to analyst estimates of $276.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Five Below’s revenue was up 28.7% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current year.
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. Its product groups include leisure, fashion and home, and party and snack.
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