State of New Jersey Common Pension Fund D Has $9,701,000 Position in Five Below, Inc. (FIVE)

State of New Jersey Common Pension Fund D continued to hold its stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 196,500 shares of the specialty retailer’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Five Below were worth $9,701,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 540 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Five Below by 14.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 13,745 shares of the specialty retailer’s stock valued at $595,000 after buying an additional 1,730 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Five Below by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,080 shares of the specialty retailer’s stock valued at $263,000 after buying an additional 140 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Five Below by 17.1% in the first quarter. Rice Hall James & Associates LLC now owns 417,497 shares of the specialty retailer’s stock valued at $18,082,000 after buying an additional 60,908 shares in the last quarter. Finally, DnB Asset Management AS acquired a new stake in shares of Five Below during the first quarter valued at about $4,708,000.

Five Below, Inc. (FIVE) opened at 49.25 on Thursday. The company has a market cap of $2.71 billion, a P/E ratio of 37.06 and a beta of 0.94. Five Below, Inc. has a 52 week low of $35.03 and a 52 week high of $54.13. The firm has a 50-day moving average price of $47.96 and a 200 day moving average price of $45.55.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. Analysts expect that Five Below, Inc. will post $1.64 EPS for the current fiscal year.

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Several brokerages recently weighed in on FIVE. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price objective (up previously from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Five Below in a report on Saturday, June 3rd. Guggenheim reissued a “buy” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Five Below in a report on Saturday, June 3rd. BTIG Research reissued a “neutral” rating on shares of Five Below in a report on Saturday, June 3rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $65.00 price objective (up previously from $47.00) on shares of Five Below in a report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and a consensus target price of $53.74.

In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.22% of the company’s stock.

About Five Below

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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

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