Nordea Investment Management AB boosted its stake in Five Below Inc (NASDAQ:FIVE) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,618 shares of the specialty retailer’s stock after purchasing an additional 4,960 shares during the quarter. Nordea Investment Management AB owned about 0.08% of Five Below worth $2,339,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. grew its holdings in Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares during the period. Raymond James Trust N.A. acquired a new stake in Five Below in the second quarter worth $205,000. Strs Ohio grew its holdings in Five Below by 40.0% in the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares during the period. Miles Capital Inc. acquired a new stake in Five Below in the second quarter worth $210,000. Finally, Riverhead Capital Management LLC grew its holdings in Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares during the period.

Five Below Inc (NASDAQ FIVE) opened at $64.14 on Wednesday. Five Below Inc has a 12-month low of $36.90 and a 12-month high of $65.49. The firm has a market cap of $3,397.51, a PE ratio of 40.20, a P/E/G ratio of 1.21 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. During the same period last year, the firm earned $0.10 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. equities analysts anticipate that Five Below Inc will post 1.78 EPS for the current fiscal year.

In related news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on FIVE. Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price objective for the company. in a report on Friday, December 1st. Royal Bank Of Canada lifted their price objective on shares of Five Below to $67.00 and gave the company an “outperform” rating in a report on Friday, December 1st. UBS lifted their price objective on shares of Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, December 1st. Buckingham Research lifted their price objective on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Barclays reiterated a “hold” rating and set a $60.00 price objective on shares of Five Below in a report on Sunday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $60.91.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/06/nordea-investment-management-ab-boosts-holdings-in-five-below-inc-five.html.

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. Its product groups include leisure, fashion and home, and party and snack.

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

Receive News & Stock Ratings for Five Below Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc and related stocks with our FREE daily email newsletter.