Deepwater Asset Management LLC grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 21.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,705 shares of the specialty retailer’s stock after purchasing an additional 13,568 shares during the period. Five Below makes up 5.2% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Deepwater Asset Management LLC owned about 0.14% of Five Below worth $13,731,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of Five Below in the first quarter worth approximately $28,000. Planned Solutions Inc. purchased a new stake in Five Below in the 4th quarter valued at $34,000. CVA Family Office LLC bought a new position in shares of Five Below during the fourth quarter valued at about $36,000. Finally, Quest Partners LLC bought a new stake in shares of Five Below during the 4th quarter worth $37,000.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Mizuho decreased their target price on Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Morgan Stanley cut their price target on Five Below from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Citigroup dropped their price objective on shares of Five Below from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Barclays reduced their target price on shares of Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.50.
Five Below Price Performance
NASDAQ FIVE traded down $2.43 on Tuesday, reaching $105.42. 721,956 shares of the company’s stock traded hands, compared to its average volume of 1,071,281. The stock has a market cap of $5.81 billion, a PE ratio of 20.27, a P/E/G ratio of 1.26 and a beta of 1.19. Five Below, Inc. has a 12 month low of $104.80 and a 12 month high of $216.18. The stock has a 50-day simple moving average of $130.64 and a 200 day simple moving average of $167.88.
Five Below (NASDAQ:FIVE – Get Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that Five Below, Inc. will post 5.2 EPS for the current year.
Five Below Company Profile
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.
See Also
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.