Teachers Retirement System of The State of Kentucky Raises Position in Five Below, Inc. (NASDAQ:FIVE)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 52.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,179 shares of the specialty retailer's stock after acquiring an additional 9,336 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Five Below were worth $2,401,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fifth Third Bancorp raised its stake in shares of Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer's stock valued at $150,000 after buying an additional 147 shares during the period. Parkside Financial Bank & Trust raised its stake in Five Below by 9.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer's stock valued at $231,000 after acquiring an additional 180 shares during the period. Peloton Wealth Strategists raised its stake in Five Below by 3.0% in the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer's stock valued at $743,000 after acquiring an additional 200 shares during the period. Partnership Wealth Management LLC lifted its holdings in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Five Below by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer's stock worth $1,685,000 after purchasing an additional 296 shares during the period.

Five Below Stock Up 1.0 %

Shares of NASDAQ FIVE traded up $1.05 during mid-day trading on Monday, reaching $105.00. 1,573,678 shares of the company were exchanged, compared to its average volume of 1,525,013. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The company's 50 day moving average price is $93.55 and its 200 day moving average price is $93.25. The stock has a market capitalization of $5.78 billion, a PE ratio of 21.45, a PEG ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company's revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts predict that Five Below, Inc. will post 4.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIVE. Barclays boosted their price target 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. Morgan Stanley boosted their target price on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Bank of America lowered Five Below from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Citigroup boosted their price objective on Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, Telsey Advisory Group increased their price objective on Five Below from $95.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $116.15.

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.