Five Below, Inc. (FIVE) Position Boosted by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 910.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,571 shares of the specialty retailer’s stock after purchasing an additional 50,971 shares during the quarter. Cubist Systematic Strategies LLC owned 0.10% of Five Below worth $2,793,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Mitra Capital LLC acquired a new position in shares of Five Below in the 2nd quarter valued at $2,311,000. BlueCrest Capital Management Ltd acquired a new position in shares of Five Below in the 2nd quarter valued at $717,000. State Street Corp boosted its position in shares of Five Below by 2.8% in the 2nd quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock valued at $70,796,000 after purchasing an additional 38,532 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Five Below in the 2nd quarter valued at $1,797,000. Finally, Gotham Asset Management LLC boosted its position in shares of Five Below by 30.3% in the 2nd quarter. Gotham Asset Management LLC now owns 39,741 shares of the specialty retailer’s stock valued at $1,962,000 after purchasing an additional 9,237 shares during the period.
FIVE has been the subject of a number of recent analyst reports. Loop Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Five Below in a research report on Friday, June 30th. UBS AG lowered Five Below from a “buy” rating to a “neutral” rating and decreased their price target for the company from $59.00 to $52.00 in a research report on Monday, July 10th. BidaskClub downgraded Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Dougherty & Co reissued a “buy” rating on shares of Five Below in a research note on Friday, August 18th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.15.
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In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now directly owns 757,823 shares in the company, valued at $41,778,781.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.22% of the company’s stock.
Five Below, Inc. (NASDAQ:FIVE) traded up 3.37% during midday trading on Friday, hitting $57.28. The stock had a trading volume of 2,017,304 shares. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $57.65. The firm has a market cap of $3.16 billion, a P/E ratio of 39.56 and a beta of 0.90. The stock has a 50-day moving average of $50.86 and a 200-day moving average of $48.88.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $283.30 million for the quarter, compared to analyst estimates of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. Analysts forecast that Five Below, Inc. will post $1.67 EPS for the current fiscal year.
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. Its product groups include leisure, fashion and home, and party and snack.
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