The Wells Fargo & Company MN Has $88,307,000 Position in Five Below Inc. (FIVE)

The Wells Fargo & Company MN Has $88,307,000 Position in Five Below Inc. (FIVE)

Wells Fargo & Company MN raised its stake in Five Below Inc. (NASDAQ:FIVE) by 45.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,191,769 shares of the company’s stock after buying an additional 688,359 shares during the period. Wells Fargo & Company MN’s holdings in Five Below were worth $88,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. purchased a new stake in shares of Five Below during the second quarter valued at about $182,000. Tower Research Capital LLC TRC boosted its stake in shares of Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock valued at $189,000 after buying an additional 2,891 shares during the last quarter. Veritable L.P. boosted its stake in shares of Five Below by 1.4% in the second quarter. Veritable L.P. now owns 5,880 shares of the company’s stock valued at $273,000 after buying an additional 80 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Five Below by 27.7% in the third quarter. 1st Global Advisors Inc. now owns 7,453 shares of the company’s stock valued at $300,000 after buying an additional 1,618 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Five Below by 8.1% in the second quarter. Amalgamated Bank now owns 6,199 shares of the company’s stock valued at $312,000 after buying an additional 464 shares during the last quarter.

Five Below Inc. (NASDAQ:FIVE) opened at 39.76 on Friday. The company has a 50-day moving average price of $40.59 and a 200-day moving average price of $42.59. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 34.34 and a beta of 1.03. Five Below Inc. has a one year low of $32.03 and a one year high of $52.70.

Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, December 1st. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Five Below had a net margin of 6.82% and a return on equity of 24.48%. The business earned $199.50 million during the quarter. During the same quarter in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Five Below Inc. will post $1.29 EPS for the current year.

Several analysts have issued reports on FIVE shares. Longbow Research started coverage on Five Below in a research note on Wednesday, October 26th. They set a “buy” rating and a $45.00 price objective on the stock. Vetr upgraded Five Below from a “buy” rating to a “strong-buy” rating and set a $45.63 price objective on the stock in a research note on Wednesday, December 14th. Citigroup Inc. started coverage on Five Below in a research note on Tuesday, October 11th. They set a “buy” rating and a $50.00 price objective on the stock. Loop Capital started coverage on Five Below in a research note on Wednesday, December 7th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research cut Five Below from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.93.

Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.

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