Algert Global LLC Boosts Stock Position in Five Below Inc (NASDAQ:FIVE)

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Algert Global LLC raised its position in shares of Five Below Inc (NASDAQ:FIVE) by 60.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,439 shares of the specialty retailer’s stock after purchasing an additional 1,298 shares during the quarter. Algert Global LLC’s holdings in Five Below were worth $413,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FIVE. Geode Capital Management LLC increased its position in shares of Five Below by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock valued at $64,844,000 after purchasing an additional 47,729 shares during the last quarter. Janus Henderson Group PLC grew its position in Five Below by 23.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,953 shares of the specialty retailer’s stock valued at $367,000 after acquiring an additional 552 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Five Below by 9.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,150 shares of the specialty retailer’s stock worth $3,995,000 after buying an additional 2,831 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Five Below by 12.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,492 shares of the specialty retailer’s stock worth $3,789,000 after buying an additional 3,471 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Five Below by 18.9% during the 1st quarter. Raymond James & Associates now owns 63,399 shares of the specialty retailer’s stock worth $7,877,000 after buying an additional 10,096 shares in the last quarter. Institutional investors own 97.75% of the company’s stock.

NASDAQ:FIVE traded up $4.50 during trading hours on Friday, reaching $130.15. 877,895 shares of the company traded hands, compared to its average volume of 646,444. Five Below Inc has a 1-year low of $86.57 and a 1-year high of $148.21. The stock has a market cap of $6.88 billion, a P/E ratio of 50.64, a P/E/G ratio of 1.65 and a beta of 0.58. The firm’s 50-day moving average is $125.46 and its 200-day moving average is $126.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.98 and a quick ratio of 1.09.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Five Below had a return on equity of 24.52% and a net margin of 9.26%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $421.38 million. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, research analysts predict that Five Below Inc will post 3.04 earnings per share for the current year.

A number of equities research analysts have commented on the company. Bank of America set a $150.00 price target on Five Below and gave the company a “buy” rating in a research note on Monday, August 12th. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a report on Friday, September 13th. UBS Group decreased their target price on Five Below from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on Five Below from $140.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada lifted their price objective on Five Below from $126.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $137.22.

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

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