Gateway Investment Advisers LLC Acquires 22,102 Shares of Five Below, Inc. (NASDAQ:FIVE)

Gateway Investment Advisers LLC grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 691.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,297 shares of the specialty retailer's stock after buying an additional 22,102 shares during the period. Gateway Investment Advisers LLC's holdings in Five Below were worth $2,655,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Five Below by 6.1% in the second quarter. American Century Companies Inc. now owns 23,041 shares of the specialty retailer's stock worth $2,511,000 after purchasing an additional 1,321 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock valued at $65,034,000 after buying an additional 167,330 shares during the period. Renaissance Technologies LLC bought a new stake in Five Below in the 2nd quarter valued at about $5,985,000. Amalgamated Bank raised its stake in Five Below by 3.3% during the 2nd quarter. Amalgamated Bank now owns 31,703 shares of the specialty retailer's stock worth $3,455,000 after buying an additional 1,025 shares during the period. Finally, Blair William & Co. IL grew its stake in Five Below by 40.8% in the second quarter. Blair William & Co. IL now owns 71,066 shares of the specialty retailer's stock valued at $7,744,000 after acquiring an additional 20,593 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIVE. William Blair reaffirmed a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. StockNews.com downgraded shares of Five Below from a "hold" rating to a "sell" rating in a report on Friday, December 13th. Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Thursday, November 7th. Guggenheim boosted their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $115.75.

Five Below Price Performance

Shares of Five Below stock traded down $2.19 on Friday, reaching $90.64. 2,526,163 shares of the company traded hands, compared to its average volume of 1,436,047. The company has a 50 day moving average of $98.94 and a 200 day moving average of $90.66. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $212.01. The firm has a market capitalization of $4.99 billion, a PE ratio of 18.69, a PEG ratio of 0.96 and a beta of 1.14.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below's revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, analysts anticipate that Five Below, Inc. will post 4.92 earnings per share for the current year.

About Five Below

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.