ING Groep NV Takes Position in Five Below, Inc. (NASDAQ:FIVE)

ING Groep NV acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,000 shares of the specialty retailer's stock, valued at approximately $3,534,000. ING Groep NV owned about 0.07% of Five Below at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock worth $689,165,000 after acquiring an additional 38,419 shares during the period. Capital World Investors lifted its stake in Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer's stock valued at $435,931,000 after buying an additional 58,883 shares during the last quarter. Riverbridge Partners LLC grew its position in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock worth $150,151,000 after acquiring an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock valued at $98,991,000 after acquiring an additional 769,980 shares during the period. Finally, Marshall Wace LLP raised its position in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Melius Research initiated coverage on Five Below in a research note on Monday, September 23rd. They issued a "hold" rating and a $100.00 price target on the stock. Bank of America lowered shares of Five Below from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Five Below from a "neutral" rating to an "underweight" rating and increased their price target for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Craig Hallum upped their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Finally, KeyCorp cut shares of Five Below from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $106.40.

Five Below Trading Down 1.2 %

FIVE traded down $1.03 on Friday, reaching $87.02. The stock had a trading volume of 1,038,239 shares, compared to its average volume of 1,750,132. The firm has a 50-day moving average of $91.59 and a 200-day moving average of $98.93. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts' consensus estimates of $0.54. The firm had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Sell-side analysts anticipate that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

Five Below 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.