Country Trust Bank Has $27.66 Million Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Country Trust Bank boosted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,505 shares of the specialty retailer's stock after buying an additional 17,185 shares during the quarter. Country Trust Bank owned 0.48% of Five Below worth $27,657,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Paladin Wealth LLC purchased a new position in Five Below in the third quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in shares of Five Below in the 3rd quarter valued at about $30,000. UMB Bank n.a. lifted its position in shares of Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Five Below in the third quarter worth about $42,000. Finally, Partnership Wealth Management LLC increased its holdings in Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock valued at $46,000 after buying an additional 200 shares during the last quarter.

Five Below Trading Up 2.1 %

FIVE stock traded up $1.94 during mid-day trading on Tuesday, reaching $94.27. 623,254 shares of the stock traded hands, compared to its average volume of 1,835,735. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $212.01. The stock's fifty day moving average is $100.83 and its 200-day moving average is $90.19. The company has a market cap of $5.19 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.28 and a beta of 1.13.

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

Insider Transactions at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIVE. KeyCorp cut Five Below from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Craig Hallum lifted their target price on Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. The Goldman Sachs Group increased their price objective on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Telsey Advisory Group restated a "market perform" rating and issued a $115.00 price target on shares of Five Below in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price target on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus price target of $111.32.

Five Below Company 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.