Private Advisory Group LLC Takes Position in Five Below Inc (NASDAQ:FIVE)

Private Advisory Group LLC purchased a new stake in shares of Five Below Inc (NASDAQ:FIVE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,872 shares of the specialty retailer’s stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP lifted its position in shares of Five Below by 4.9% during the 2nd quarter. Artemis Investment Management LLP now owns 65,754 shares of the specialty retailer’s stock valued at $7,671,000 after buying an additional 3,068 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its position in shares of Five Below by 7.3% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 7,022 shares of the specialty retailer’s stock valued at $843,000 after buying an additional 476 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its position in shares of Five Below by 11.1% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 4,000 shares of the specialty retailer’s stock valued at $480,000 after buying an additional 400 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Five Below during the 2nd quarter valued at $80,000. Finally, Waratah Capital Advisors Ltd. purchased a new position in shares of Five Below during the 2nd quarter valued at $1,210,000. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ FIVE traded up $1.17 during trading on Tuesday, reaching $105.60. The company’s stock had a trading volume of 8,716 shares, compared to its average volume of 839,382. The company has a market capitalization of $5.95 billion, a PE ratio of 41.37, a PEG ratio of 1.39 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The stock has a fifty day moving average of $123.42. Five Below Inc has a one year low of $86.57 and a one year high of $148.21.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $364.76 million for the quarter, compared to analyst estimates of $362.28 million. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities analysts forecast that Five Below Inc will post 3.06 earnings per share for the current year.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised Five Below from a “neutral” rating to an “overweight” rating and upped their price target for the company from $133.00 to $150.00 in a research report on Thursday, April 11th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $128.00 to $140.00 in a report on Monday, May 6th. They noted that the move was a valuation call. Morgan Stanley began coverage on Five Below in a report on Monday, July 1st. They set an “overweight” rating and a $135.00 price objective on the stock. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group increased their price objective on Five Below from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $134.89.

In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total value of $924,313.39. Following the transaction, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

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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