Federated Investors Inc. PA Raises Stake in Five Below (FIVE)

Federated Investors Inc. PA grew its holdings in Five Below (NASDAQ:FIVE) by 1,123,010.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,311 shares of the specialty retailer’s stock after acquiring an additional 112,301 shares during the period. Federated Investors Inc. PA owned about 0.20% of Five Below worth $8,237,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FIVE. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Five Below in the 4th quarter valued at $69,990,000. BlackRock Inc. increased its stake in Five Below by 6.6% during the 1st quarter. BlackRock Inc. now owns 7,177,761 shares of the specialty retailer’s stock worth $526,415,000 after buying an additional 446,571 shares during the period. Millennium Management LLC increased its stake in Five Below by 121.5% during the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after buying an additional 435,463 shares during the period. Wasatch Advisors Inc. increased its stake in Five Below by 19.1% during the 1st quarter. Wasatch Advisors Inc. now owns 2,478,664 shares of the specialty retailer’s stock worth $181,785,000 after buying an additional 396,992 shares during the period. Finally, Two Sigma Investments LP increased its stake in Five Below by 6,517.0% during the 4th quarter. Two Sigma Investments LP now owns 282,349 shares of the specialty retailer’s stock worth $18,725,000 after buying an additional 286,749 shares during the period.

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In other news, EVP Michael Romanko sold 6,227 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $77.17, for a total value of $480,537.59. Following the completion of the sale, the executive vice president now owns 27,684 shares of the company’s stock, valued at approximately $2,136,374.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

FIVE opened at $71.96 on Thursday. The stock has a market capitalization of $3.93 billion, a PE ratio of 39.06, a P/E/G ratio of 1.12 and a beta of 0.60. Five Below has a 1-year low of $44.30 and a 1-year high of $78.28.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $502.74 million. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. equities research analysts forecast that Five Below will post 2.4 earnings per share for the current fiscal year.

Five Below declared that its board has approved a stock buyback plan on Wednesday, March 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Several equities research analysts recently issued reports on the stock. MKM Partners lifted their price target on shares of Five Below from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. BidaskClub downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Gordon Haskett raised shares of Five Below from a “hold” rating to an “accumulate” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Credit Suisse Group assumed coverage on shares of Five Below in a research note on Tuesday, April 17th. They set an “outperform” rating and a $5.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.47.

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 beauty products comprising nail polish, lip gloss, fragrance, 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茅cor, and related items, as well as provides storage options for the customers room.