The Teacher Retirement System of Texas reaches $353,000 position of Five Below Inc. (FIVE)

The Teacher Retirement System of Texas reaches $353,000 position  of Five Below Inc. (FIVE)

Teacher Retirement System of Texas raised its stake in shares of Five Below Inc. (NASDAQ:FIVE) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 7,602 shares of the company’s stock after buying an additional 923 shares during the period. Teacher Retirement System of Texas’ holdings in Five Below were worth $353,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock valued at $56,358,000 after buying an additional 31,684 shares during the period. GW&K Investment Management LLC increased its position in shares of Five Below by 2.7% in the second quarter. GW&K Investment Management LLC now owns 1,331,915 shares of the company’s stock valued at $61,814,000 after buying an additional 34,698 shares during the period. RS Investment Management Co. LLC increased its position in shares of Five Below by 29.5% in the second quarter. RS Investment Management Co. LLC now owns 972,179 shares of the company’s stock valued at $45,119,000 after buying an additional 221,660 shares during the period. Emerald Advisers Inc. PA increased its position in shares of Five Below by 0.3% in the second quarter. Emerald Advisers Inc. PA now owns 719,299 shares of the company’s stock valued at $33,383,000 after buying an additional 2,490 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Five Below by 1.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 540,567 shares of the company’s stock valued at $25,088,000 after buying an additional 7,380 shares during the period.

Shares of Five Below Inc. (NASDAQ:FIVE) opened at 39.03 on Wednesday. The firm’s 50-day moving average price is $42.30 and its 200 day moving average price is $43.73. Five Below Inc. has a one year low of $26.95 and a one year high of $52.70. The firm has a market cap of $2.14 billion, a P/E ratio of 34.27 and a beta of 0.99.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The firm had revenue of $220.13 million for the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Analysts predict that Five Below Inc. will post $1.32 EPS for the current year.

FIVE has been the topic of several research reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $42.00 price target on shares of Five Below in a research report on Tuesday, September 6th. Barclays PLC initiated coverage on shares of Five Below in a research report on Friday, September 23rd. They set an “equal weight” rating and a $42.00 price target on the stock. MKM Partners reiterated a “buy” rating and set a $60.00 price target on shares of Five Below in a research report on Tuesday, September 13th. Jefferies Group reiterated a “buy” rating and set a $55.00 price target on shares of Five Below in a research report on Thursday, September 1st. Finally, BTIG Research initiated coverage on shares of Five Below in a research report on Tuesday, August 23rd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.67.

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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