LPL Financial LLC Raises Stake in Five Below, Inc. (NASDAQ:FIVE)

LPL Financial LLC raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 515.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,226 shares of the specialty retailer's stock after purchasing an additional 55,462 shares during the period. LPL Financial LLC owned 0.12% of Five Below worth $6,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIVE. Wellington Management Group LLP increased its position in Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer's stock valued at $34,545,000 after buying an additional 356,776 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Below by 869.2% in the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer's stock worth $20,747,000 after buying an additional 177,269 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Five Below by 39.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer's stock worth $64,904,000 after purchasing an additional 175,131 shares in the last quarter. Jennison Associates LLC purchased a new stake in Five Below during the fourth quarter worth $17,755,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Five Below during the 4th quarter valued at about $8,489,000.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $1.30 on Friday, hitting $60.47. 3,728,234 shares of the company's stock were exchanged, compared to its average volume of 1,925,390. The firm's 50-day moving average is $78.81 and its 200 day moving average is $89.93. The company has a market capitalization of $3.33 billion, a PE ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $162.92.

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Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.65 EPS. On average, analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FIVE shares. Telsey Advisory Group dropped their price target on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 18th. Mizuho reduced their price objective on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Barclays decreased their target price on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Loop Capital lowered their price target on Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. raised shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $97.95.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.