NFJ Investment Group LLC Takes Position in Five Below, Inc. (NASDAQ:FIVE)

NFJ Investment Group LLC acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,801 shares of the specialty retailer's stock, valued at approximately $5,647,000. NFJ Investment Group LLC owned about 0.10% of Five Below as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after purchasing an additional 43,537 shares in the last quarter. Geode Capital Management LLC grew its position in Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after acquiring an additional 11,504 shares during the last quarter. Giverny Capital Inc. lifted its holdings in shares of Five Below by 0.9% in the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after acquiring an additional 6,861 shares during the last quarter. Pacifica Capital Investments LLC boosted its stake in shares of Five Below by 13.3% in the 4th quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock valued at $69,122,000 after purchasing an additional 77,483 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Five Below by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer's stock valued at $68,567,000 after purchasing an additional 38,983 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FIVE shares. Loop Capital reduced their price objective on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Five Below in a research report on Thursday, March 20th. UBS Group dropped their price target on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. 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. Finally, JPMorgan Chase & Co. upgraded shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $94.30.

Five Below Stock Performance

Shares of Five Below stock traded up $0.82 on Tuesday, hitting $68.89. 493,740 shares of the company traded hands, compared to its average volume of 2,288,061. The business has a 50-day simple moving average of $75.71 and a 200 day simple moving average of $88.83. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $151.95. The stock has a market capitalization of $3.79 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. The business 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%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.65 EPS. Research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below 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 transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.