Five Below Inc (FIVE) Stake Decreased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lessened its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 35.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 909 shares of the specialty retailer’s stock after selling 506 shares during the period. Parkside Financial Bank & Trust’s holdings in Five Below were worth $118,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. United Services Automobile Association lifted its holdings in shares of Five Below by 5.2% during the 2nd quarter. United Services Automobile Association now owns 8,834 shares of the specialty retailer’s stock valued at $863,000 after purchasing an additional 437 shares in the last quarter. Captrust Financial Advisors lifted its stake in Five Below by 20.7% in the 2nd quarter. Captrust Financial Advisors now owns 2,910 shares of the specialty retailer’s stock valued at $284,000 after acquiring an additional 499 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Five Below by 7.1% in the 2nd quarter. Flinton Capital Management LLC now owns 8,228 shares of the specialty retailer’s stock valued at $804,000 after acquiring an additional 544 shares in the last quarter. SG Americas Securities LLC lifted its stake in Five Below by 7.2% in the 2nd quarter. SG Americas Securities LLC now owns 10,377 shares of the specialty retailer’s stock valued at $1,014,000 after acquiring an additional 698 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Five Below by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 36,482 shares of the specialty retailer’s stock valued at $3,565,000 after acquiring an additional 749 shares in the last quarter.

NASDAQ:FIVE opened at $114.58 on Friday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 64.01, a P/E/G ratio of 1.71 and a beta of 0.44. Five Below Inc has a twelve month low of $54.71 and a twelve month high of $136.13.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $347.73 million for the quarter, compared to analyst estimates of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Sell-side analysts forecast that Five Below Inc will post 2.54 earnings per share for the current fiscal year.

Several research firms have commented on FIVE. Credit Suisse Group boosted their target price on Five Below from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, September 7th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. Morgan Stanley upgraded Five Below from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 10th. Loop Capital boosted their target price on Five Below from $100.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Finally, MKM Partners boosted their target price on Five Below to $132.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $115.18.

In related news, EVP Michael Romanko sold 3,308 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $126.00, for a total transaction of $416,808.00. Following the transaction, the executive vice president now directly owns 18,092 shares of the company’s stock, valued at approximately $2,279,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Kaufman sold 3,995 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total value of $532,054.10. Following the transaction, the director now directly owns 5,047 shares in the company, valued at $672,159.46. The disclosure for this sale can be found here. Insiders have sold a total of 123,232 shares of company stock worth $12,919,564 in the last ninety days. Insiders own 2.60% of the company’s stock.

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 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 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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