National Bank of Canada FI raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 155.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,827 shares of the specialty retailer's stock after purchasing an additional 47,940 shares during the period. National Bank of Canada FI owned 0.14% of Five Below worth $6,964,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Five Below in the third quarter worth about $3,282,000. Janney Montgomery Scott LLC lifted its stake in shares of Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter. Algert Global LLC grew its holdings in shares of Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock valued at $2,282,000 after buying an additional 20,266 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Five Below by 1,379.0% during the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer's stock valued at $1,491,000 after acquiring an additional 15,734 shares in the last quarter.
Five Below Stock Performance
Shares of FIVE traded down $5.74 during midday trading on Thursday, hitting $103.79. 2,263,790 shares of the company traded hands, compared to its average volume of 1,523,045. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.15 and a beta of 1.18. The firm has a 50 day moving average of $93.07 and a 200-day moving average of $93.92. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18.
Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on FIVE. KeyCorp downgraded Five Below from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Mizuho lifted their price objective on Five Below from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Morgan Stanley raised their price target on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. William Blair restated a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. Finally, StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.15.
Get Our Latest Research Report on FIVE
Five Below Profile
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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.
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