HBK Sorce Advisory LLC Buys Shares of 2,607 Five Below Inc (FIVE)
HBK Sorce Advisory LLC bought a new stake in shares of Five Below Inc (NASDAQ:FIVE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,607 shares of the specialty retailer’s stock, valued at approximately $339,000.
A number of other large investors have also bought and sold shares of FIVE. FMR LLC grew its holdings in shares of Five Below by 105.4% during the second quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after buying an additional 1,168,796 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Five Below by 451.4% during the second quarter. Renaissance Technologies LLC now owns 1,382,400 shares of the specialty retailer’s stock worth $135,074,000 after buying an additional 1,131,700 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Five Below during the third quarter worth about $43,017,000. BlackRock Inc. grew its holdings in shares of Five Below by 5.2% during the third quarter. BlackRock Inc. now owns 6,575,425 shares of the specialty retailer’s stock worth $855,199,000 after buying an additional 322,174 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Five Below during the second quarter worth about $17,603,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.
A number of equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Buckingham Research lifted their price target on shares of Five Below from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Barclays upgraded shares of Five Below from an “equal weight” rating to an “overweight” rating in a report on Friday, December 7th. Goldman Sachs Group upgraded shares of Five Below from a “neutral” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday. Finally, BidaskClub downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $119.72.
Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Five Below had a net margin of 8.74% and a return on equity of 24.58%. The firm had revenue of $312.82 million during the quarter, compared to the consensus estimate of $303.54 million. As a group, equities analysts anticipate that Five Below Inc will post 2.58 EPS for the current year.
In other Five Below news, insider David N. Makuen sold 12,000 shares of Five Below stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the transaction, the insider now directly owns 20,863 shares of the company’s stock, valued at $2,429,079.09. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Romanko sold 3,308 shares of Five Below stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $126.00, for a total transaction of $416,808.00. Following the transaction, the executive vice president now directly owns 18,092 shares in the company, valued at $2,279,592. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
About Five Below
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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