Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 30.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,560 shares of the specialty retailer's stock after selling 55,722 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Five Below worth $11,358,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FIVE. Price T Rowe Associates Inc. MD lifted its holdings in shares of Five Below by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock valued at $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Capital World Investors raised its position in Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer's stock valued at $435,931,000 after purchasing an additional 58,883 shares during the period. Riverbridge Partners LLC lifted its stake in shares of Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after purchasing an additional 769,980 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIVE. Bank of America downgraded Five Below from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Melius Research initiated coverage on shares of Five Below in a research note on Monday, September 23rd. They set a "hold" rating and a $100.00 price target for the company. Telsey Advisory Group reduced their price objective on shares of Five Below from $120.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a "buy" rating on the stock in a research note on Wednesday, August 21st. Finally, Mizuho restated a "neutral" rating and set a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $106.40.

Five Below Stock Performance

FIVE stock traded down $0.37 during trading on Monday, reaching $86.65. 1,494,421 shares of the company traded hands, compared to its average volume of 1,466,432. The business has a 50 day simple moving average of $91.59 and a 200 day simple moving average of $98.93. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. As a group, research analysts forecast that Five Below, Inc. will post 4.57 EPS for the current year.

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.