State of New Jersey Common Pension Fund D Reduces Stock Position in Five Below, Inc. (NASDAQ:FIVE)

State of New Jersey Common Pension Fund D lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 28.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,598 shares of the specialty retailer's stock after selling 9,337 shares during the period. State of New Jersey Common Pension Fund D's holdings in Five Below were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Five Below by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock worth $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Capital World Investors boosted its holdings in shares of Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer's stock valued at $435,931,000 after purchasing an additional 58,883 shares during the period. Wasatch Advisors LP grew its stake in Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer's stock worth $340,278,000 after purchasing an additional 37,797 shares in the last quarter. Riverbridge Partners LLC grew its position in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock worth $150,151,000 after buying an additional 72,020 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Five Below by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer's stock valued at $245,340,000 after acquiring an additional 9,837 shares in the last quarter.

Five Below Stock Down 2.2 %

FIVE traded down $2.22 during trading on Thursday, hitting $97.98. 2,620,213 shares of the stock were exchanged, compared to its average volume of 1,435,261. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The stock has a fifty day moving average price of $79.59 and a two-hundred day moving average price of $123.87. The firm has a market capitalization of $5.40 billion, a P/E ratio of 18.47, a PEG ratio of 0.99 and a beta of 1.21.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Five Below from a "hold" rating to a "sell" rating in a research report on Saturday, June 8th. Guggenheim dropped their price target on Five Below from $165.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. UBS Group cut their price objective on shares of Five Below from $120.00 to $108.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Bank of America upped their price target on shares of Five Below from $75.00 to $87.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Finally, Craig Hallum upgraded shares of Five Below from a "hold" rating to a "buy" rating and cut their price objective for the stock from $108.00 to $102.00 in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Five Below presently has an average rating of "Hold" and a consensus price target of $109.95.

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.