Bridge City Capital LLC Has $2.31 Million Stake in Five Below Inc (NASDAQ:FIVE)

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Bridge City Capital LLC boosted its stake in Five Below Inc (NASDAQ:FIVE) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,207 shares of the specialty retailer’s stock after purchasing an additional 94 shares during the period. Five Below comprises approximately 1.3% of Bridge City Capital LLC’s investment portfolio, making the stock its 26th biggest position. Bridge City Capital LLC’s holdings in Five Below were worth $2,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Five Below by 1.4% during the second quarter. Arizona State Retirement System now owns 40,615 shares of the specialty retailer’s stock valued at $4,875,000 after acquiring an additional 576 shares during the last quarter. Private Advisory Group LLC bought a new stake in Five Below during the second quarter valued at $345,000. Artemis Investment Management LLP boosted its position in Five Below by 4.9% during the second quarter. Artemis Investment Management LLP now owns 65,754 shares of the specialty retailer’s stock valued at $7,671,000 after acquiring an additional 3,068 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its position in shares of Five Below by 7.3% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 7,022 shares of the specialty retailer’s stock worth $843,000 after purchasing an additional 476 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its position in shares of Five Below by 11.1% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 4,000 shares of the specialty retailer’s stock worth $480,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

In related news, CFO Kenneth R. Bull sold 7,103 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total value of $924,313.39. Following the transaction, the chief financial officer now owns 79,227 shares of the company’s stock, valued at approximately $10,309,809.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on FIVE. JPMorgan Chase & Co. raised shares of Five Below from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $133.00 to $150.00 in a research report on Thursday, April 11th. BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley began coverage on shares of Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of Five Below from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, Bank of America reissued a “buy” rating and set a $150.00 price objective on shares of Five Below in a research report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $134.89.

Shares of NASDAQ FIVE opened at $104.43 on Tuesday. Five Below Inc has a fifty-two week low of $86.57 and a fifty-two week high of $148.21. The company has a market cap of $6.11 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 1.39 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.89. The company has a 50-day simple moving average of $123.42.

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

About Five Below

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 d├ęcor, 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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