Five Below, Inc. (NASDAQ:FIVE) Stock Position Increased by Somerset Trust Co

Somerset Trust Co lifted its position in Five Below, Inc. (NASDAQ:FIVEFree Report) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,060 shares of the specialty retailer’s stock after buying an additional 291 shares during the period. Somerset Trust Co’s holdings in Five Below were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Artisan Partners Limited Partnership raised its stake in shares of Five Below by 0.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock worth $245,340,000 after buying an additional 9,837 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Five Below by 2.2% in the 4th quarter. Clearbridge Investments LLC now owns 655,176 shares of the specialty retailer’s stock worth $139,657,000 after buying an additional 14,048 shares in the last quarter. Giverny Capital Inc. raised its stake in shares of Five Below by 1.5% in the 4th quarter. Giverny Capital Inc. now owns 654,098 shares of the specialty retailer’s stock worth $139,428,000 after buying an additional 9,532 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Five Below by 18.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 545,567 shares of the specialty retailer’s stock worth $87,782,000 after buying an additional 86,488 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Five Below by 11.7% during the third quarter. Westfield Capital Management Co. LP now owns 443,081 shares of the specialty retailer’s stock worth $71,292,000 after purchasing an additional 46,519 shares during the period.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of recent analyst reports. Bank of America reaffirmed a “neutral” rating and set a $125.00 target price on shares of Five Below in a research report on Friday, June 14th. Loop Capital cut their target price on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on Five Below from $201.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Morgan Stanley cut their target price on Five Below from $210.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $215.00 to $170.00 in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Five Below has a consensus rating of “Moderate Buy” and an average target price of $169.50.

View Our Latest Analysis on Five Below

Five Below Trading Down 0.3 %

NASDAQ FIVE traded down $0.38 during trading hours on Wednesday, reaching $113.93. 1,027,775 shares of the company’s stock were exchanged, compared to its average volume of 1,874,306. The stock has a market cap of $6.27 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17. Five Below, Inc. has a one year low of $106.21 and a one year high of $216.18. The firm has a fifty day moving average of $138.24 and a 200-day moving average of $173.42.

Five Below (NASDAQ:FIVEGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. As a group, research analysts forecast that Five Below, Inc. will post 5.19 EPS for the current year.

Five Below Company Profile

(Free Report)

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, accent furniture, and related items, as well as provides storage options.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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