80,877 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 80,877 shares of the specialty retailer's stock, valued at approximately $8,489,000. Raymond James Financial Inc. owned about 0.15% of Five Below at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIVE. UMB Bank n.a. grew its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Five Below in the 3rd quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below in the 3rd quarter worth about $42,000. R Squared Ltd purchased a new stake in shares of Five Below during the 4th quarter valued at about $68,000. Finally, GAMMA Investing LLC raised its position in shares of Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock valued at $143,000 after buying an additional 814 shares in the last quarter.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup boosted their price objective on Five Below from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Loop Capital dropped their target price on Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a report on Monday. Bank of America lowered their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $102.16.

Five Below Stock Performance

NASDAQ FIVE traded up $0.83 on Wednesday, reaching $77.84. 1,665,352 shares of the stock traded hands, compared to its average volume of 1,762,814. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $185.48. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.19 and a beta of 1.11. The company has a fifty day moving average price of $87.00 and a 200-day moving average price of $92.77.

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

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.