Vanguard Group Inc. Boosts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Vanguard Group Inc. grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,047,563 shares of the specialty retailer’s stock after purchasing an additional 43,537 shares during the quarter. Vanguard Group Inc. owned approximately 9.18% of Five Below worth $529,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Proficio Capital Partners LLC acquired a new stake in shares of Five Below during the fourth quarter worth about $31,000. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Five Below in the third quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its holdings in Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Five Below during the 4th quarter worth $68,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIVE. Bank of America reduced their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group reduced their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Guggenheim dropped their target price on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.16.

Five Below Stock Performance

Shares of FIVE opened at $74.93 on Tuesday. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s fifty day moving average is $85.73 and its 200-day moving average is $92.45. Five Below, Inc. has a one year low of $64.87 and a one year high of $182.99.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.65 EPS. Analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.