Columbus Circle Investors Has $19.34 Million Stake in Five Below Inc (NASDAQ:FIVE)

Columbus Circle Investors trimmed its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 4.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 161,146 shares of the specialty retailer’s stock after selling 7,906 shares during the period. Columbus Circle Investors’ holdings in Five Below were worth $19,341,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC increased its position in Five Below by 96.6% during the first quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock worth $307,065,000 after buying an additional 1,214,030 shares during the last quarter. Wells Fargo & Company MN increased its position in Five Below by 1.6% during the first quarter. Wells Fargo & Company MN now owns 784,166 shares of the specialty retailer’s stock worth $97,433,000 after buying an additional 12,450 shares during the last quarter. Geode Capital Management LLC increased its position in Five Below by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock worth $64,844,000 after buying an additional 47,729 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Five Below by 104.7% during the first quarter. Westfield Capital Management Co. LP now owns 399,178 shares of the specialty retailer’s stock worth $49,598,000 after buying an additional 204,195 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in Five Below by 1.4% during the first quarter. First Republic Investment Management Inc. now owns 284,235 shares of the specialty retailer’s stock worth $35,316,000 after buying an additional 3,807 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

FIVE stock opened at $108.20 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The company has a 50-day moving average of $119.62 and a two-hundred day moving average of $126.12. Five Below Inc has a 52-week low of $86.57 and a 52-week high of $148.21. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.64.

Five Below (NASDAQ:FIVE) last released its 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 during the quarter, compared to analysts’ expectations of $362.28 million. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. Equities analysts expect that Five Below Inc will post 3.06 EPS for the current fiscal year.

In related news, CFO Kenneth R. Bull sold 7,103 shares of the 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 completion of the sale, the chief financial officer now owns 79,227 shares in the company, valued at $10,309,809.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on FIVE shares. Credit Suisse Group upped their price target on shares of Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Bank of America set a $150.00 price target on shares of Five Below and gave the company a “buy” rating in a report on Monday. ValuEngine upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group upped their price target on shares of Five Below from $120.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Finally, BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.89.

Five Below 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 décor, 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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