1 week Ago By ABMN Staff
Pictet Asset Management Holding SA lifted its stake in shares of Five Below, Inc. ( NASDAQ:FIVE – Free Report ) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 7,661 shares of the specialty retailer’s stock after acquiring an additional 676 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Five Below were worth $804,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Norges Bank bought a new stake in Five Below in the fourth quarter worth about $66,933,000. WINTON GROUP Ltd bought a new stake in shares of Five Below in the 4th quarter worth approximately $2,427,000. Prudential Financial Inc.
raised its holdings in shares of Five Below by 236.1% in the 4th quarter. Prudential Financial Inc.
now owns 11,438 shares of the specialty retailer’s stock worth $1,201,000 after purchasing an additional 8,035 shares in the last quarter. Pacifica Capital Investments LLC lifted its stake in Five Below by 13.3% during the fourth quarter.
Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer’s stock valued at $69,122,000 after purchasing an additional 77,483 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its holdings in Five Below by 0.3% during the fourth quarter.
Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer’s stock worth $10,231,000 after buying an additional 311 shares in the last quarter. Insider Buying and Selling In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.
04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.
32. The trade was a 4.41 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th.
The shares were sold at an average price of $90.76, for a total value of $498,635.44.
Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.
75 % decrease in their position. The disclosure for this sale can be found here . 1.
90% of the stock is owned by insiders. Five Below Stock Up 7.2 % Five Below ( NASDAQ:FIVE – Get Free Report ) last posted its earnings results on Wednesday, March 19th.
The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.
10. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.
38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.
02%. The business’s revenue was up 4.0% compared to the same quarter last year.
During the same period last year, the company earned $3.65 earnings per share. As a group, research analysts predict that Five Below, Inc.
will post 4.93 earnings per share for the current fiscal year. Analysts Set New Price Targets A number of brokerages have recently commented on FIVE.
Barclays cut their price objective on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th.
Evercore ISI decreased their price target on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st.
StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Loop Capital decreased their target price on shares of Five Below from $120.
00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th.
One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Five Below presently has a consensus rating of “Hold” and an average target price of $99.05.
Get Our Latest Stock Analysis on FIVE Five Below Profile ( Free Report ) Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options. Read More Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.
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