KBC Group NV Takes Position in Five Below, Inc. (NASDAQ:FIVE)

KBC Group NV acquired a new position in Five Below, Inc. (NASDAQ:FIVEFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,043 shares of the specialty retailer’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Planned Solutions Inc. purchased a new stake in Five Below in the 4th quarter valued at about $34,000. CVA Family Office LLC purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $36,000. Quest Partners LLC purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $37,000. Parallel Advisors LLC lifted its holdings in shares of Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Five Below during the 4th quarter worth approximately $61,000.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $118.49 on Monday. The business has a 50-day moving average of $145.32 and a two-hundred day moving average of $177.27. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17. Five Below, Inc. has a 1 year low of $106.21 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVEGet Free Report) last issued its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. As a group, equities research analysts expect that Five Below, Inc. will post 5.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIVE. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and decreased their price target for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Wells Fargo & Company decreased their target price on Five Below from $180.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore ISI dropped their target price on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Citigroup dropped their price objective on shares of Five Below from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.33.

Read Our Latest Stock Report on Five Below

Five Below Profile

(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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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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