Laurus Investment Counsel Inc. Buys 6,090 Shares of Five Below, Inc. (NASDAQ:FIVE)

Laurus Investment Counsel Inc. lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,900 shares of the specialty retailer's stock after acquiring an additional 6,090 shares during the period. Five Below makes up about 1.3% of Laurus Investment Counsel Inc.'s investment portfolio, making the stock its 20th biggest position. Laurus Investment Counsel Inc.'s holdings in Five Below were worth $2,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in Five Below by 1.9% during the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after purchasing an additional 11,504 shares during the last quarter. Atreides Management LP bought a new position in Five Below during the 3rd quarter valued at about $68,649,000. Two Sigma Advisers LP bought a new position in Five Below during the 3rd quarter valued at about $64,981,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter.

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 that occurred on 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 sale, the chief accounting officer now owns 57,267 shares of the company's stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.90% of the company's stock.

Five Below Price Performance

FIVE traded up $0.84 on Wednesday, hitting $95.09. 792,301 shares of the stock were exchanged, compared to its average volume of 1,806,079. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The business has a 50-day moving average of $100.93 and a two-hundred day moving average of $90.31. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.28 and a beta of 1.13.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. Equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FIVE has been the subject of several research reports. Barclays raised their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. KeyCorp cut shares of Five Below from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Thursday, November 7th. StockNews.com cut shares of Five Below from a "hold" rating to a "sell" rating in a research report on Friday, December 13th. Finally, Craig Hallum lifted their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Five Below currently has a consensus rating of "Hold" and a consensus target price of $111.32.

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.