Five Below Inc (NASDAQ:FIVE).
Alliancebernstein L.P. sold 78,469 shares during the last quarter decreasing its stake in Five Below Inc (FIVE) by 3.2%. Its investment was worth $130,515,000 an increase of 7.6% as of the end of the quarter.
Several firms have updated their holdings. As of the end of the quarter Dimensional Fund Advisors Lp had acquired 30,368 shares growing its holdings by 2.6%. The value in dollars increased from $56,896,000 to $64,914,000 a change of 14.1% since the last quarter. Ubs Asset Management Americas Inc added to its investment by buying 694 shares an increase of 2,238.7% as of 09/30/2017. Ubs Asset Management Americas Inc controls 725 shares worth $39,788,000. The total value of its holdings increased 2,500.5%.
California State Teachers Retirement System trimmed its ownership by selling 9,206 shares a decrease of 9.6% from 06/30/2017 to 09/30/2017. California State Teachers Retirement System now holds 86,547 shares with a value of $4,750,000. The value of the position overall is up by 0.5%.
On November 3 analysts at Wells Fargo & Company released guidance on FIVE giving it an initial rating of “Outperform”. On September 12 Jefferies Group LLC kept the company rating at “Buy” projecting a price of $52.00.
September 1 investment analysts at Buckingham Research made no change to the company rating of “Buy” with a current price target of $62.00. Royal Bank Of Canada raised the price target of the stock on August 31 changing the price objective from $56.00 to $57.00 with a “Outperform” recommendation.
August 31 investment analysts at Jefferies Group LLC left the stock rating at “Buy” targeting a price of $62.00. August 31 investment analysts at Deutsche Bank AG maintained a stock rating of “Hold” with a current price target of $54.00.
The company is trading up since yesterday’s close of 58.03. Five Below Inc currently has a P/E ratio of 40.23 and the market value is 3.23B. As of the last earnings report the EPS was $1.45 with 55.20M shares currently outstanding.
Investors are a little more bearish on shares of the company recently at least if you consider the change in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 7.16%. Short interest grew from 6,824,830 to 7,313,275 over that period. With short interest at 7,313,275 and short average daily volume at 917,505, days to cover is 8.0 and the percentage of shorted shares was 0.13% on October 13.