Bank of Nova Scotia Purchases New Stake in Five Below, Inc. (NASDAQ:FIVE)

Bank of Nova Scotia purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 118,672 shares of the specialty retailer's stock, valued at approximately $12,456,000. Bank of Nova Scotia owned approximately 0.22% of Five Below at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FIVE. Vanguard Group Inc. increased its position in shares of Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after purchasing an additional 43,537 shares in the last quarter. State Street Corp lifted its stake in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock valued at $146,865,000 after buying an additional 31,520 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after acquiring an additional 11,504 shares during the period. Pacifica Capital Investments LLC increased its holdings in shares of Five Below by 13.3% in the 4th quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock valued at $69,122,000 after acquiring an additional 77,483 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Five Below by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer's stock valued at $68,567,000 after purchasing an additional 38,983 shares during the last quarter.

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Five Below Stock Performance

FIVE traded down $0.90 on Tuesday, reaching $62.66. 1,005,060 shares of the company's stock were exchanged, compared to its average volume of 1,928,278. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $159.80. The company's 50 day moving average is $78.16 and its 200-day moving average is $89.69. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.65 earnings per share. Sell-side analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Activity

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

Analyst Ratings Changes

FIVE has been the topic of a number of recent research reports. Loop Capital dropped their price objective on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. UBS Group dropped their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Evercore ISI reduced their price target on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group lowered their target price on Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $94.30.

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.