Five Below Inc. (FIVE) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. boosted its stake in shares of Five Below Inc. (NASDAQ:FIVE) by 73,572.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,465,341 shares of the company’s stock after buying an additional 1,463,352 shares during the period. Victory Capital Management Inc. owned 2.67% of Five Below worth $59,038,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. 1832 Asset Management L.P. purchased a new position in shares of Five Below during the second quarter valued at about $59,261,000. Wells Fargo & Company MN boosted its position in shares of Five Below by 45.8% in the third quarter. Wells Fargo & Company MN now owns 2,191,769 shares of the company’s stock valued at $88,307,000 after buying an additional 688,359 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Five Below during the second quarter valued at about $14,125,000. Vanguard Group Inc. boosted its position in shares of Five Below by 6.7% in the second quarter. Vanguard Group Inc. now owns 4,320,333 shares of the company’s stock valued at $200,507,000 after buying an additional 272,191 shares during the period. Finally, Riverbridge Partners LLC boosted its position in shares of Five Below by 13.0% in the third quarter. Riverbridge Partners LLC now owns 2,022,952 shares of the company’s stock valued at $81,505,000 after buying an additional 232,643 shares during the period.
Five Below Inc. (NASDAQ:FIVE) opened at 40.205 on Tuesday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 35.299 and a beta of 1.02. The stock has a 50 day moving average price of $38.51 and a 200-day moving average price of $43.24. Five Below Inc. has a 1-year low of $26.97 and a 1-year high of $52.70.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm earned $220.13 million during the quarter, compared to analysts’ expectations of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts predict that Five Below Inc. will post $1.31 earnings per share for the current year.
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Several analysts have recently commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up previously from $39.00) on shares of Five Below in a research report on Tuesday, August 2nd. BTIG Research assumed coverage on Five Below in a research report on Tuesday, August 23rd. They issued a “neutral” rating for the company. They noted that the move was a valuation call. RBC Capital Markets reaffirmed an “outperform” rating and issued a $54.00 target price (up previously from $53.00) on shares of Five Below in a research report on Thursday, September 1st. Jefferies Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Five Below in a research report on Thursday, September 1st. Finally, Royal Bank Of Canada raised their target price on Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and an average target price of $47.81.
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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