Oppenheimer & Co. Inc. reduced its stake in shares of Five Below Inc (NASDAQ:FIVE) by 46.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,189 shares of the specialty retailer’s stock after selling 2,722 shares during the period. Oppenheimer & Co. Inc.’s holdings in Five Below were worth $383,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Optimum Investment Advisors bought a new position in shares of Five Below during the first quarter worth about $31,000. Shine Investment Advisory Services Inc. increased its position in Five Below by 73.3% in the second quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock worth $37,000 after buying an additional 129 shares during the period. Icon Wealth Partners LLC acquired a new stake in Five Below in the first quarter worth $60,000. Steward Partners Investment Advisory LLC acquired a new stake in Five Below in the second quarter worth $66,000. Finally, Carroll Financial Associates Inc. lifted its stake in Five Below by 18.7% in the second quarter. Carroll Financial Associates Inc. now owns 584 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 92 shares during the last quarter. 97.83% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on FIVE shares. Deutsche Bank set a $146.00 price target on shares of Five Below and gave the company a “buy” rating in a report on Monday, August 26th. Royal Bank of Canada increased their price objective on shares of Five Below from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Barclays reaffirmed a “neutral” rating on shares of Five Below in a report on Friday, August 30th. UBS Group cut their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Morgan Stanley initiated coverage on shares of Five Below in a research note on Monday, July 1st. They set an “overweight” rating and a $135.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $137.22.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $421.38 million. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts expect that Five Below Inc will post 3.04 EPS for the current year.
Five Below Company Profile
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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