Sawgrass Asset Management LLC grew its stake in Five Below Inc (NASDAQ:FIVE) by 433.0% during the first quarter, HoldingsChannel reports. The firm owned 13,245 shares of the specialty retailer’s stock after purchasing an additional 10,760 shares during the period. Sawgrass Asset Management LLC’s holdings in Five Below were worth $1,646,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Navellier & Associates Inc lifted its holdings in shares of Five Below by 1.9% in the fourth quarter. Navellier & Associates Inc now owns 4,865 shares of the specialty retailer’s stock valued at $498,000 after purchasing an additional 93 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Five Below by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock worth $1,851,000 after acquiring an additional 100 shares during the period. Wedbush Securities Inc. lifted its holdings in Five Below by 6.6% during the fourth quarter. Wedbush Securities Inc. now owns 2,086 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 130 shares during the period. Insight Wealth Strategies LLC lifted its holdings in Five Below by 4.3% during the first quarter. Insight Wealth Strategies LLC now owns 3,244 shares of the specialty retailer’s stock worth $403,000 after acquiring an additional 133 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Five Below by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 2,442 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 135 shares during the period. Institutional investors own 95.76% of the company’s stock.
FIVE has been the topic of a number of recent analyst reports. BidaskClub lowered Five Below from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. ValuEngine lowered Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Bank of America initiated coverage on Five Below in a report on Monday, April 15th. They set a “buy” rating and a $150.00 price target on the stock. Zacks Investment Research lowered Five Below from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Buckingham Research lifted their price target on Five Below from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $129.10.
In other news, CEO Joel D. Anderson sold 30,000 shares of Five Below stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the transaction, the chief executive officer now directly owns 192,174 shares in the company, valued at $25,186,324.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Eric M. Specter sold 15,000 shares of Five Below stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.60, for a total value of $2,004,000.00. Following the completion of the transaction, the chief accounting officer now owns 35,108 shares of the company’s stock, valued at $4,690,428.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,381 shares of company stock worth $7,344,004. Corporate insiders own 2.50% of the company’s stock.
Shares of FIVE traded up $0.36 during mid-day trading on Friday, hitting $127.60. The stock had a trading volume of 5,122 shares, compared to its average volume of 866,774. The firm has a market cap of $7.13 billion, a PE ratio of 49.48, a PEG ratio of 1.43 and a beta of 0.67. Five Below Inc has a 52 week low of $69.96 and a 52 week high of $148.21.
Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. The firm had revenue of $602.68 million for the quarter, compared to analyst estimates of $601.53 million. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, equities analysts forecast that Five Below Inc will post 3.06 EPS for the current year.
Five Below 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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