Five Below Inc. (FIVE) Position Increased by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust increased its position in shares of Five Below Inc. (NASDAQ:FIVE) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 540,567 shares of the company’s stock after buying an additional 7,380 shares during the period. Five Below makes up about 1.4% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 10th largest position. Emerald Mutual Fund Advisers Trust owned about 0.99% of Five Below worth $25,088,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock worth $144,000 after buying an additional 158 shares during the last quarter. Insight Capital Research & Management Inc. bought a new stake in Five Below during the second quarter worth $2,211,000. American Century Companies Inc. bought a new stake in Five Below during the second quarter worth $5,991,000. Strs Ohio increased its stake in Five Below by 1.5% in the second quarter. Strs Ohio now owns 76,100 shares of the company’s stock worth $3,531,000 after buying an additional 1,100 shares during the last quarter. Finally, RS Investment Management Co. LLC increased its stake in Five Below by 29.5% in the second quarter. RS Investment Management Co. LLC now owns 972,179 shares of the company’s stock worth $45,119,000 after buying an additional 221,660 shares during the last quarter.
Shares of Five Below Inc. (NASDAQ:FIVE) traded down 0.73% during midday trading on Tuesday, hitting $39.31. The company had a trading volume of 782,008 shares. The firm’s 50 day moving average is $43.59 and its 200 day moving average is $43.78. The company has a market capitalization of $2.16 billion, a P/E ratio of 34.51 and a beta of 0.99. Five Below Inc. has a 52 week low of $26.95 and a 52 week high of $52.70.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Equities research analysts anticipate that Five Below Inc. will post $1.32 EPS for the current year.
A number of research firms have recently weighed in on FIVE. Zacks Investment Research downgraded Five Below from a “buy” rating to a “hold” rating in a research report on Monday. Barclays PLC began coverage on Five Below in a research report on Friday, September 23rd. They set an “equal weight” rating and a $42.00 target price for the company. MKM Partners reiterated a “buy” rating and set a $60.00 target price on shares of Five Below in a research report on Tuesday, September 13th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $42.00 target price on shares of Five Below in a research report on Tuesday, September 6th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, September 1st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.50.
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. The Company’s product groups include leisure, fashion and home, and party and snack.
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