Quantinno Capital Management LP Buys New Shares in Five Below, Inc. (NASDAQ:FIVE)

Quantinno Capital Management LP purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,263 shares of the specialty retailer’s stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atreides Management LP bought a new position in shares of Five Below during the 3rd quarter valued at approximately $68,649,000. Point72 Asset Management L.P. boosted its position in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the period. Holocene Advisors LP purchased a new stake in shares of Five Below in the third quarter worth $38,829,000. BNP Paribas Financial Markets raised its position in shares of Five Below by 1,094.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after purchasing an additional 335,493 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after buying an additional 207,083 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIVE. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Mizuho lifted their price objective on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has an average rating of “Hold” and a consensus target price of $116.15.

Five Below Stock Up 0.2 %

Shares of Five Below stock opened at $103.95 on Friday. The stock’s fifty day moving average is $93.55 and its two-hundred day moving average is $93.52. The company has a market capitalization of $5.72 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts anticipate that Five Below, Inc. will post 4.94 earnings per share for the current year.

Five Below 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.