Principal Financial Group Inc. Lowers Holdings in Five Below, Inc. (NASDAQ:FIVE)

Principal Financial Group Inc. cut its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 30.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,560 shares of the specialty retailer's stock after selling 55,722 shares during the period. Principal Financial Group Inc. owned about 0.23% of Five Below worth $11,358,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in Five Below by 47.2% during the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after acquiring an additional 48,524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below during the 3rd quarter valued at $42,000. Teachers Retirement System of The State of Kentucky raised its position in Five Below by 52.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer's stock worth $2,401,000 after purchasing an additional 9,336 shares during the period. Geode Capital Management LLC raised its position in Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after purchasing an additional 11,504 shares during the period. Finally, Prestige Wealth Management Group LLC bought a new stake in Five Below in the third quarter worth $522,000.

Five Below Trading Down 4.7 %

Five Below stock traded down $5.16 on Monday, hitting $104.01. 1,993,793 shares of the stock traded hands, compared to its average volume of 1,522,351. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The firm has a market cap of $5.72 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The business's fifty day simple moving average is $96.44 and its 200 day simple moving average is $91.85.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, analysts predict that Five Below, Inc. will post 4.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIVE. Telsey Advisory Group lifted their price objective on Five Below from $95.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. Mizuho lifted their price target on Five Below from $90.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Morgan Stanley boosted their price objective on Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. KeyCorp downgraded shares of Five Below from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Finally, Bank of America lowered shares of Five Below from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Three 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. Based on data from MarketBeat.com, Five Below has an average rating of "Hold" and an average target price of $116.15.

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.