Qube Research & Technologies Ltd Takes $255,000 Position in Five Below Inc (NASDAQ:FIVE)
Qube Research & Technologies Ltd acquired a new stake in Five Below Inc (NASDAQ:FIVE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,125 shares of the specialty retailer’s stock, valued at approximately $255,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Five Below by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock worth $64,844,000 after purchasing an additional 47,729 shares in the last quarter. Pennsylvania Trust Co purchased a new position in shares of Five Below during the 1st quarter worth approximately $209,000. Carroll Financial Associates Inc. increased its stake in shares of Five Below by 43.9% during the 1st quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 150 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Five Below during the 1st quarter worth approximately $757,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Five Below by 3.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 76,157 shares of the specialty retailer’s stock worth $9,462,000 after purchasing an additional 2,619 shares in the last quarter. Institutional investors own 95.41% of the company’s stock.
A number of research analysts have recently weighed in on FIVE shares. UBS Group dropped their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America set a $150.00 target price on shares of Five Below and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley started coverage on shares of Five Below in a research note on Monday, July 1st. They issued an “overweight” rating and a $135.00 target price for the company. Barclays cut shares of Five Below from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $128.00 to $140.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $134.44.
Shares of FIVE traded up $4.51 during mid-day trading on Wednesday, reaching $116.57. The company had a trading volume of 19,781 shares, compared to its average volume of 962,836. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. The firm has a fifty day simple moving average of $118.53 and a 200-day simple moving average of $125.74. Five Below Inc has a fifty-two week low of $86.57 and a fifty-two week high of $148.21. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $364.76 million for the quarter, compared to analyst estimates of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. Five Below’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. As a group, equities analysts predict that Five Below Inc will post 3.06 EPS for the current fiscal year.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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