Emerald Advisers Inc. PA Has $39.26 Million Position in Five Below Inc (FIVE)
Emerald Advisers Inc. PA lowered its stake in shares of Five Below Inc (NASDAQ:FIVE) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 591,991 shares of the specialty retailer’s stock after selling 6,034 shares during the quarter. Five Below makes up about 1.5% of Emerald Advisers Inc. PA’s holdings, making the stock its 15th biggest position. Emerald Advisers Inc. PA’s holdings in Five Below were worth $39,261,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Five Below by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 943 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Five Below during the third quarter worth approximately $215,000. Montag & Caldwell LLC acquired a new stake in Five Below during the third quarter worth approximately $217,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Five Below by 25.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 933 shares in the last quarter. Finally, Fortaleza Asset Management Inc. raised its holdings in Five Below by 66.0% during the third quarter. Fortaleza Asset Management Inc. now owns 4,590 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 1,825 shares in the last quarter.
In other Five Below news, EVP Michael Romanko sold 12,454 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $66.53, for a total value of $828,564.62. Following the completion of the sale, the executive vice president now owns 24,858 shares of the company’s stock, valued at $1,653,802.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the sale, the insider now directly owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,400 shares of company stock worth $9,474,401. 2.92% of the stock is currently owned by insiders.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data 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 firm 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 posted $0.10 EPS. Five Below’s quarterly revenue was up 28.9% on a year-over-year basis. analysts forecast that Five Below Inc will post 1.81 EPS for the current fiscal year.
A number of research firms have weighed in on FIVE. Gordon Haskett raised shares of Five Below from a “hold” rating to an “accumulate” rating in a report on Wednesday, January 31st. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. KeyCorp reissued a “hold” rating on shares of Five Below in a report on Friday, November 10th. Morgan Stanley raised their price objective on shares of Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.33.
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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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