Wasatch Advisors Inc. Grows Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

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Wasatch Advisors Inc. lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,438,807 shares of the specialty retailer’s stock after purchasing an additional 68,297 shares during the period. Five Below accounts for about 2.0% of Wasatch Advisors Inc.’s holdings, making the stock its 8th biggest position. Wasatch Advisors Inc. owned approximately 4.37% of Five Below worth $309,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Five Below during the second quarter valued at about $25,000. Tompkins Financial Corp lifted its position in shares of Five Below by 62.5% during the third quarter. Tompkins Financial Corp now owns 364 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Huntington National Bank lifted its position in shares of Five Below by 46.4% during the third quarter. Huntington National Bank now owns 388 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 123 shares in the last quarter. Simon Quick Advisors LLC bought a new position in shares of Five Below during the third quarter valued at about $54,000. Finally, Private Advisor Group LLC bought a new position in shares of Five Below during the second quarter valued at about $59,000.

Shares of Five Below stock traded down $0.01 during trading on Friday, reaching $155.20. The company’s stock had a trading volume of 330,342 shares, compared to its average volume of 1,184,288. Five Below, Inc. has a 52-week low of $47.53 and a 52-week high of $159.59. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 87.68, a PEG ratio of 3.84 and a beta of 1.13. The firm’s 50-day moving average is $137.67 and its two-hundred day moving average is $116.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, September 2nd. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.39. Five Below had a net margin of 5.89% and a return on equity of 13.81%. The company had revenue of $426.11 million during the quarter, compared to analysts’ expectations of $409.19 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Five Below, Inc. will post 1.86 EPS for the current fiscal year.

A number of research analysts recently weighed in on FIVE shares. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Five Below from $133.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. Wolfe Research started coverage on shares of Five Below in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $150.00 price objective on the stock. Berenberg Bank started coverage on shares of Five Below in a research report on Wednesday. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Five Below from $142.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $133.71.

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

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