Canada Pension Plan Investment Board Acquires 32,400 Shares of Five Below Inc (FIVE)
Canada Pension Plan Investment Board raised its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 112.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,153 shares of the specialty retailer’s stock after acquiring an additional 32,400 shares during the period. Canada Pension Plan Investment Board’s holdings in Five Below were worth $7,954,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Advisory Services Network LLC increased its position in shares of Five Below by 1,598.1% in the 3rd quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 863 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Five Below in the 2nd quarter valued at $164,000. Tower Research Capital LLC TRC bought a new stake in shares of Five Below in the 2nd quarter valued at $176,000. Cerebellum GP LLC bought a new stake in shares of Five Below in the 3rd quarter valued at $184,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Five Below in the 2nd quarter valued at $201,000. Institutional investors own 95.42% of the company’s stock.
In other news, EVP Michael Romanko sold 3,308 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $126.00, for a total transaction of $416,808.00. Following the completion of the transaction, the executive vice president now directly owns 18,092 shares in the company, valued at approximately $2,279,592. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David N. Makuen sold 12,000 shares of the stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the transaction, the insider now owns 20,863 shares of the company’s stock, valued at $2,429,079.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,303 shares of company stock valued at $2,346,022. Company insiders own 2.60% of the company’s stock.
Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. The firm had revenue of $312.82 million during the quarter, compared to analyst estimates of $303.54 million. Five Below had a net margin of 8.74% and a return on equity of 25.14%. Analysts predict that Five Below Inc will post 2.54 earnings per share for the current year.
A number of analysts recently commented on the stock. Barclays upgraded shares of Five Below from an “equal weight” rating to an “overweight” rating in a research report on Friday. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Credit Suisse Group lowered their price objective on shares of Five Below from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Tuesday, August 21st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $119.00.
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Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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