Five Below Inc (NASDAQ:FIVE) Shares Acquired by Accuvest Global Advisors

Accuvest Global Advisors grew its stake in Five Below Inc (NASDAQ:FIVE) by 100.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,870 shares of the specialty retailer’s stock after purchasing an additional 5,448 shares during the period. Five Below makes up approximately 0.8% of Accuvest Global Advisors’ portfolio, making the stock its 29th biggest holding. Accuvest Global Advisors’ holdings in Five Below were worth $1,305,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FIVE. Optimum Investment Advisors acquired a new position in Five Below during the first quarter worth $31,000. Quadrant Capital Group LLC grew its holdings in Five Below by 74.2% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 198 shares during the period. Icon Wealth Partners LLC acquired a new position in Five Below during the first quarter worth $60,000. Carroll Financial Associates Inc. grew its holdings in Five Below by 43.9% during the first quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in Five Below by 15.2% during the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 79 shares during the period. 97.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Kenneth R. Bull sold 7,103 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total transaction of $924,313.39. Following the transaction, the chief financial officer now directly owns 79,227 shares in the company, valued at $10,309,809.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

FIVE has been the topic of a number of research analyst reports. BidaskClub downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Credit Suisse Group boosted their target price on Five Below from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. ValuEngine upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley initiated coverage on Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 target price on the stock. Finally, Bank of America set a $150.00 target price on Five Below and gave the stock a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $134.89.

Shares of NASDAQ:FIVE traded up $1.72 on Friday, hitting $109.92. The company had a trading volume of 698,000 shares, compared to its average volume of 975,805. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. Five Below Inc has a 52-week low of $86.57 and a 52-week high of $148.21. The business has a 50 day moving average of $119.40 and a 200 day moving average of $126.04. The company has a market cap of $6.07 billion, a PE ratio of 42.77, a PEG ratio of 1.38 and a beta of 0.64.

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

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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