Stifel Financial Corp Has $2.87 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Stifel Financial Corp reduced its holdings in Five Below, Inc. (NASDAQ:FIVE) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,459 shares of the specialty retailer’s stock after selling 3,205 shares during the period. Stifel Financial Corp owned 0.06% of Five Below worth $2,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after acquiring an additional 180,902 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Five Below in the third quarter valued at approximately $3,282,000. Janney Montgomery Scott LLC increased its position in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Algert Global LLC raised its stake in shares of Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Five Below by 1,379.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after buying an additional 15,734 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIVE. Guggenheim boosted their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, November 7th. Telsey Advisory Group raised their target price on shares of Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Craig Hallum lifted their price target on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Morgan Stanley upped their price objective on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Five Below has an average rating of “Hold” and a consensus target price of $116.15.

Five Below Stock Up 0.0 %

NASDAQ FIVE opened at $105.05 on Wednesday. The firm has a 50-day moving average price of $94.07 and a two-hundred day moving average price of $92.81. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market capitalization of $5.78 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts expect that Five Below, Inc. will post 4.94 EPS for the current year.

About Five Below

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.