Penn Capital Management Co. Inc. Buys 24,255 Shares of Five Below, Inc. (FIVE)

Penn Capital Management Co. Inc. lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,642 shares of the specialty retailer’s stock after purchasing an additional 24,255 shares during the quarter. Penn Capital Management Co. Inc. owned about 0.47% of Five Below worth $12,740,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Five Below by 27,003.0% in the 1st quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after purchasing an additional 6,800,982 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Five Below by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after purchasing an additional 235,589 shares during the period. Jennison Associates LLC boosted its holdings in shares of Five Below by 27.3% in the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock worth $84,493,000 after purchasing an additional 367,235 shares during the period. State Street Corp boosted its holdings in shares of Five Below by 6.1% in the 1st quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock worth $60,437,000 after purchasing an additional 79,961 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Five Below by 5.2% in the 2nd quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock worth $62,833,000 after purchasing an additional 62,358 shares during the period.

Five Below, Inc. (FIVE) traded up 0.83% during mid-day trading on Wednesday, reaching $49.88. The company’s stock had a trading volume of 106,702 shares. The stock’s 50 day moving average is $49.16 and its 200 day moving average is $47.62. The firm has a market cap of $2.75 billion, a PE ratio of 34.45 and a beta of 0.93. Five Below, Inc. has a one year low of $35.03 and a one year high of $54.13.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 28.7% compared to the same quarter last year. On average, analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current year.

A number of equities analysts have recently commented on FIVE shares. Deutsche Bank AG reiterated a “hold” rating and issued a $53.00 target price (up previously from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $65.00 target price (up previously from $47.00) on shares of Five Below in a report on Saturday, June 3rd. Guggenheim reiterated a “buy” rating and issued a $60.00 target price (up previously from $52.00) on shares of Five Below in a report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $57.00 target price (up previously from $51.00) on shares of Five Below in a report on Thursday, June 1st. Finally, Loop Capital reiterated a “buy” rating and issued a $60.00 target price on shares of Five Below in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $54.15.

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Five Below 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)

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