California Public Employees Retirement System Has $8.74 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

California Public Employees Retirement System lifted its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,278 shares of the specialty retailer's stock after buying an additional 8,742 shares during the quarter. California Public Employees Retirement System owned about 0.15% of Five Below worth $8,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIVE. Vanguard Group Inc. raised its stake in shares of Five Below by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after acquiring an additional 43,537 shares during the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 31,520 shares in the last quarter. Geode Capital Management LLC raised its position in Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after purchasing an additional 11,504 shares during the last quarter. Pacifica Capital Investments LLC lifted its holdings in Five Below by 13.3% during the 4th quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock worth $69,122,000 after buying an additional 77,483 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 buying an additional 38,983 shares during the last quarter.

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Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business'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 sale, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Five Below Price Performance

Shares of Five Below stock traded down $1.30 on Friday, hitting $60.47. The company had a trading volume of 3,728,234 shares, compared to its average volume of 1,925,393. The stock has a 50-day moving average of $78.81 and a 200-day moving average of $89.93. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $162.92. The firm has a market capitalization of $3.33 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 1.01.

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

Analyst Ratings Changes

FIVE has been the subject of a number of recent research reports. Bank of America dropped their target price on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group cut their target price on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group lowered their price target on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research report on Tuesday, March 18th. Truist Financial dropped their price target on shares of Five Below from $86.00 to $65.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, UBS Group reduced their price objective on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Five Below presently has a consensus rating of "Hold" and a consensus target price of $97.95.

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.