Fmr LLC Reduces Stake in Five Below, Inc. (NASDAQ:FIVE)

FMR LLC decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,575,445 shares of the specialty retailer's stock after selling 121,799 shares during the period. FMR LLC owned approximately 2.86% of Five Below worth $165,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Five Below during the 4th quarter valued at $8,489,000. Teachers Retirement System of The State of Kentucky lifted its position in Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer's stock valued at $2,401,000 after acquiring an additional 9,336 shares during the period. Quantinno Capital Management LP bought a new stake in Five Below during the third quarter worth about $465,000. Retirement Systems of Alabama grew its holdings in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock worth $13,371,000 after purchasing an additional 48,524 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in shares of Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after purchasing an additional 22,102 shares in the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of analyst reports. Telsey Advisory Group dropped their price target on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 18th. UBS Group cut their target price on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price target for the company in a research report on Monday, April 7th. Barclays cut their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Five Below presently has an average rating of "Hold" and an average target price of $94.30.

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Five Below Price Performance

Shares of FIVE stock traded down $0.89 during trading hours on Tuesday, reaching $62.67. 1,526,403 shares of the company traded hands, compared to its average volume of 1,931,713. The firm has a 50-day moving average price of $77.53 and a 200 day moving average price of $89.50. The company has a market cap of $3.45 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $154.47.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.65 earnings per share. Sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

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.