Kornitzer Capital Management Inc. KS Has $17,616,000 Position in Five Below Inc. (FIVE)
Kornitzer Capital Management Inc. KS decreased its position in shares of Five Below Inc. (NASDAQ:FIVE) by 28.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,570 shares of the company’s stock after selling 152,690 shares during the period. Kornitzer Capital Management Inc. KS owned 0.69% of Five Below worth $17,616,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of FIVE. Texas Permanent School Fund increased its stake in Five Below by 37.7% in the first quarter. Texas Permanent School Fund now owns 43,627 shares of the company’s stock worth $1,804,000 after buying an additional 11,948 shares during the last quarter. Aperio Group LLC bought a new stake in Five Below during the first quarter worth $401,000. Pacad Investment Ltd. bought a new stake in Five Below during the first quarter worth $306,000. Teachers Advisors Inc. increased its stake in Five Below by 4.5% in the first quarter. Teachers Advisors Inc. now owns 83,495 shares of the company’s stock worth $3,452,000 after buying an additional 3,611 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Five Below by 7.3% in the first quarter. Prudential Financial Inc. now owns 134,700 shares of the company’s stock worth $5,568,000 after buying an additional 9,200 shares during the last quarter.
Shares of Five Below Inc. (NASDAQ:FIVE) traded down 1.92% during midday trading on Friday, hitting $37.37. 998,459 shares of the company were exchanged. The firm has a market cap of $2.05 billion, a P/E ratio of 32.81 and a beta of 0.99. Five Below Inc. has a one year low of $26.95 and a one year high of $52.70. The company’s 50 day moving average price is $41.77 and its 200 day moving average price is $43.66.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. Equities analysts expect that Five Below Inc. will post $1.32 EPS for the current year.
A number of analysts have recently weighed in on the stock. 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 research report on Thursday, September 1st. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday, July 15th. Royal Bank Of Canada raised their price target on shares of Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. Citigroup Inc. assumed coverage on shares of Five Below in a research report on Tuesday. They set a “buy” rating and a $50.00 price target for the company. Finally, KeyCorp assumed coverage on shares of Five Below in a research report on Wednesday. They set an “overweight” rating and a $47.00 price target for the company. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.63.
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. The Company’s product groups include leisure, fashion and home, and party and snack.
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