HRT Financial LP Invests $6.39 Million in Five Below, Inc. (NASDAQ:FIVE)

HRT Financial LP purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 31,030 shares of the specialty retailer’s stock, valued at approximately $6,391,000. HRT Financial LP owned about 0.06% of Five Below at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of Five Below by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after acquiring an additional 259,012 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after buying an additional 471,349 shares in the last quarter. State Street Corp lifted its stake in shares of Five Below by 0.6% during the 2nd quarter. State Street Corp now owns 1,466,046 shares of the specialty retailer’s stock valued at $166,294,000 after buying an additional 8,651 shares in the last quarter. Morgan Stanley lifted its stake in shares of Five Below by 37.2% during the 4th quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock valued at $187,196,000 after buying an additional 286,839 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Five Below by 1.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,042,075 shares of the specialty retailer’s stock valued at $214,636,000 after buying an additional 16,713 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Five Below from $220.00 to $205.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday. Evercore ISI reduced their price target on shares of Five Below from $205.00 to $195.00 and set an “in-line” rating on the stock in a report on Thursday. Citigroup reduced their price target on shares of Five Below from $225.00 to $220.00 in a report on Wednesday, May 24th. Finally, UBS Group reduced their price target on shares of Five Below from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.10.

Five Below Stock Down 1.5 %

NASDAQ:FIVE traded down $2.66 during mid-day trading on Monday, hitting $169.30. 1,188,000 shares of the stock traded hands, compared to its average volume of 717,646. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.44 and a beta of 1.21. Five Below, Inc. has a 52 week low of $125.82 and a 52 week high of $220.19. The firm’s 50 day moving average is $194.37 and its two-hundred day moving average is $196.36.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The company had revenue of $759.00 million during the quarter, compared to analysts’ expectations of $760.02 million. Five Below had a net margin of 8.35% and a return on equity of 20.23%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. As a group, research analysts predict that Five Below, Inc. will post 5.48 EPS 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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.