Amalgamated Bank Boosts Stake in Five Below, Inc. (NASDAQ:FIVE)

Amalgamated Bank lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 31,703 shares of the specialty retailer’s stock after purchasing an additional 1,025 shares during the quarter. Amalgamated Bank’s holdings in Five Below were worth $3,455,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FIVE. BNP Paribas Financial Markets increased its holdings in Five Below by 30.4% during the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after purchasing an additional 3,166 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after buying an additional 21,368 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Five Below in the first quarter valued at $2,656,000. Price T Rowe Associates Inc. MD boosted its stake in Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Finally, Bridgefront Capital LLC boosted its stake in Five Below by 379.0% during the 4th quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock valued at $1,699,000 after acquiring an additional 6,306 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Evercore ISI reduced their target price on Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Finally, UBS Group lowered their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.95.

Five Below Price Performance

FIVE opened at $95.41 on Monday. The stock’s 50 day moving average price is $79.31 and its 200 day moving average price is $121.77. The stock has a market cap of $5.25 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Equities analysts anticipate that Five Below, Inc. will post 4.55 EPS for the current year.

Five Below Company 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 lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.