Geode Capital Management LLC Has $86.56 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Geode Capital Management LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 979,489 shares of the specialty retailer's stock after buying an additional 11,504 shares during the period. Geode Capital Management LLC owned approximately 1.78% of Five Below worth $86,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Paladin Wealth LLC bought a new position in Five Below in the 3rd quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Five Below in the third quarter valued at approximately $30,000. Partnership Wealth Management LLC raised its position 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Five Below during the second quarter valued at approximately $50,000. Finally, Headlands Technologies LLC bought a new stake in Five Below during the second quarter worth $111,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Craig Hallum lifted their price target on Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Guggenheim lifted their target price on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their price target on shares of Five Below from $83.00 to $110.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Finally, Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Thursday, November 7th. 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $116.15.

Five Below Stock Performance

Shares of NASDAQ FIVE traded down $1.67 during midday trading on Friday, reaching $106.08. The stock had a trading volume of 2,661,675 shares, compared to its average volume of 1,526,695. The company's 50 day moving average price is $94.69 and its 200 day moving average price is $93.01. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. Five Below's revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current fiscal 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.