Cerity Partners LLC Has $2.20 Million Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Cerity Partners LLC lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 36.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,349 shares of the specialty retailer's stock after purchasing an additional 5,698 shares during the period. Cerity Partners LLC's holdings in Five Below were worth $2,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. M&T Bank Corp increased its position in Five Below by 30.6% during the third quarter. M&T Bank Corp now owns 5,965 shares of the specialty retailer's stock worth $527,000 after buying an additional 1,399 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after acquiring an additional 11,504 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below during the 3rd quarter worth approximately $42,000. Retirement Systems of Alabama lifted its holdings in Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after purchasing an additional 48,524 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock worth $143,000 after purchasing an additional 814 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on FIVE shares. Guggenheim reduced their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Mizuho lowered their target price on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group lowered their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Barclays decreased their price target on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $94.30.

Five Below Trading Up 0.8 %

FIVE traded up $0.56 on Monday, reaching $68.07. The stock had a trading volume of 2,930,140 shares, compared to its average volume of 1,952,555. The firm has a 50-day moving average of $75.71 and a 200-day moving average of $88.83. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $151.95. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The business 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 firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $3.65 EPS. Sell-side analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.