New York State Teachers Retirement System Lowers Position in Five Below, Inc. (NASDAQ:FIVE)

New York State Teachers Retirement System trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,236 shares of the specialty retailer’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Five Below were worth $4,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Paladin Wealth LLC bought a new position in shares of Five Below during the third quarter valued at about $26,000. Partnership Wealth Management LLC lifted its position in shares of Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after buying an additional 300 shares in the last quarter. LRI Investments LLC bought a new position in shares of Five Below during the 1st quarter worth approximately $38,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below in the 2nd quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Five Below in the second quarter valued at approximately $50,000.

Five Below Trading Down 1.4 %

FIVE stock opened at $93.69 on Wednesday. The company’s 50 day moving average is $89.89 and its 200 day moving average is $102.80. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20. Five Below, Inc. has a 1-year low of $64.87 and a 1-year 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, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. As a group, sell-side analysts forecast that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

Analysts Set New Price Targets

FIVE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Wells Fargo & Company cut their price target on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target for the company. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. Finally, Mizuho reiterated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.60.

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.