Wellington Management Group LLP raised its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1,042.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 391,004 shares of the specialty retailer's stock after buying an additional 356,776 shares during the period. Wellington Management Group LLP owned about 0.71% of Five Below worth $34,545,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP bought a new position in Five Below during the 3rd quarter worth approximately $64,981,000. Tabor Asset Management LP bought a new position in Five Below during the third quarter worth $7,199,000. State Street Corp lifted its holdings in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock valued at $146,865,000 after buying an additional 31,520 shares during the period. Quadrature Capital Ltd bought a new stake in Five Below during the third quarter valued at $3,192,000. Finally, Quantinno Capital Management LP acquired a new stake in Five Below during the 3rd quarter worth about $465,000.
Several equities research analysts recently commented on the company. William Blair reaffirmed a "market perform" rating on shares of Five Below in a research note on Monday, December 2nd. Wells Fargo & Company raised their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup boosted their target price on shares of Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. The Goldman Sachs Group raised their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Melius Research began coverage on shares of Five Below in a report on Monday, September 23rd. They set a "hold" rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.15.
Check Out Our Latest Analysis on FIVE
FIVE opened at $103.79 on Friday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.15 and a beta of 1.18. The firm has a 50-day moving average price of $93.35 and a 200-day moving average price of $93.99. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18.
Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.
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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