Jennison Associates LLC Raises Stock Holdings in Five Below Inc (NASDAQ:FIVE)

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Jennison Associates LLC boosted its holdings in Five Below Inc (NASDAQ:FIVE) by 46.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 748,675 shares of the specialty retailer’s stock after buying an additional 238,106 shares during the quarter. Jennison Associates LLC owned 1.34% of Five Below worth $89,856,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Insight Wealth Strategies LLC increased its position in shares of Five Below by 4.8% during the 2nd quarter. Insight Wealth Strategies LLC now owns 3,399 shares of the specialty retailer’s stock valued at $408,000 after purchasing an additional 155 shares during the last quarter. Lincoln National Corp purchased a new stake in shares of Five Below during the 2nd quarter valued at about $238,000. Great Lakes Advisors LLC increased its position in shares of Five Below by 21.8% during the 2nd quarter. Great Lakes Advisors LLC now owns 127,913 shares of the specialty retailer’s stock valued at $15,352,000 after purchasing an additional 22,905 shares during the last quarter. National Asset Management Inc. purchased a new stake in shares of Five Below during the 2nd quarter valued at about $332,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in Five Below by 50.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 48,440 shares of the specialty retailer’s stock worth $5,814,000 after acquiring an additional 16,290 shares in the last quarter. 95.41% of the stock is owned by institutional investors and hedge funds.

In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total value of $924,313.39. Following the completion of the transaction, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

FIVE stock traded down $6.39 during midday trading on Friday, hitting $113.85. The company’s stock had a trading volume of 1,554,208 shares, compared to its average volume of 1,076,597. Five Below Inc has a 12 month low of $86.57 and a 12 month high of $148.21. The company has a quick ratio of 1.05, a current ratio of 1.89 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a 50 day moving average of $118.06 and a two-hundred day moving average of $125.62.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $362.28 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Five Below Inc will post 3.06 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on FIVE shares. Barclays lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $128.00 to $140.00 in a report on Monday, May 6th. They noted that the move was a valuation call. UBS Group reduced their target price on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. BidaskClub raised shares of Five Below from a “sell” rating to a “hold” rating in a report on Friday. Bank of America set a $150.00 target price on shares of Five Below and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Five Below has a consensus rating of “Buy” and an average target price of $134.44.

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 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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