Legal & General Group Plc Has $10.67 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Legal & General Group Plc trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,649 shares of the specialty retailer's stock after selling 11,100 shares during the quarter. Legal & General Group Plc owned about 0.18% of Five Below worth $10,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp raised its stake in shares of Five Below by 30.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after buying an additional 11,504 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below in the third quarter valued at $42,000. Retirement Systems of Alabama lifted its position in shares of 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 acquiring an additional 48,524 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 814 shares in the last quarter.

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of the 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 transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Five Below Stock Down 1.4 %

NASDAQ FIVE traded down $0.95 during trading on Monday, reaching $66.56. 1,234,183 shares of the stock traded hands, compared to its average volume of 2,289,555. The stock's 50-day moving average price is $76.10 and its 200 day moving average price is $89.01. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $151.95.

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 for the quarter, beating the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.65 EPS. Analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America cut their price objective on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a report on Thursday, March 20th. Guggenheim dropped their price target on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group dropped their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a report on Tuesday, March 18th. Loop Capital lowered their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Finally, StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $94.30.

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.