TD Asset Management Inc. Lowers Position in Five Below Inc (NASDAQ:FIVE)

TD Asset Management Inc. lessened its stake in Five Below Inc (NASDAQ:FIVE) by 10.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,590 shares of the specialty retailer’s stock after selling 1,100 shares during the quarter. TD Asset Management Inc.’s holdings in Five Below were worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Magnus Financial Group LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $233,000. Macquarie Group Ltd. increased its stake in Five Below by 47.6% during the 4th quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock worth $79,855,000 after acquiring an additional 251,655 shares during the period. Lisanti Capital Growth LLC increased its stake in Five Below by 78.8% during the 4th quarter. Lisanti Capital Growth LLC now owns 26,460 shares of the specialty retailer’s stock worth $2,707,000 after acquiring an additional 11,660 shares during the period. ClariVest Asset Management LLC increased its stake in Five Below by 221.1% during the 4th quarter. ClariVest Asset Management LLC now owns 65,077 shares of the specialty retailer’s stock worth $6,660,000 after acquiring an additional 44,812 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Five Below by 38.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 641,253 shares of the specialty retailer’s stock worth $65,613,000 after acquiring an additional 176,773 shares during the period. Institutional investors and hedge funds own 95.60% of the company’s stock.

In related news, Director Kathleen S. Barclay sold 2,500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $140.86, for a total value of $352,150.00. Following the completion of the sale, the director now directly owns 13,135 shares of the company’s stock, valued at approximately $1,850,196.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Romanko sold 7,881 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $134.00, for a total value of $1,056,054.00. Following the completion of the sale, the executive vice president now directly owns 27,907 shares of the company’s stock, valued at $3,739,538. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,484 shares of company stock valued at $8,268,317. Corporate insiders own 2.50% of the company’s stock.

A number of equities analysts have commented on the company. BidaskClub lowered Five Below from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine downgraded Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday. Bank of America reaffirmed a “buy” rating and issued a $150.00 target price on shares of Five Below in a report on Thursday, June 6th. Credit Suisse Group raised their target price on Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Finally, UBS Group raised their target price on Five Below from $120.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $135.17.

FIVE traded down $0.76 during midday trading on Friday, hitting $120.02. 1,477,583 shares of the company were exchanged, compared to its average volume of 1,104,852. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 1.41 and a beta of 0.80. Five Below Inc has a 1-year low of $86.57 and a 1-year high of $148.21. The business has a 50 day moving average price of $128.84. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 EPS 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 firm had revenue of $364.76 million for the quarter, compared to the consensus estimate of $362.28 million. During the same period in the previous year, the business earned $0.35 EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities analysts predict that Five Below Inc will post 3.06 EPS for the current 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 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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