Russell Investments Group Ltd. Reduces Position in Five Below, Inc. (NASDAQ:FIVE)

Russell Investments Group Ltd. cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,470 shares of the specialty retailer's stock after selling 4,711 shares during the period. Russell Investments Group Ltd.'s holdings in Five Below were worth $2,673,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FIVE. Raymond James Financial Inc. bought a new stake in Five Below during the 4th quarter valued at $8,489,000. Retirement Systems of Alabama raised its holdings in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock worth $13,371,000 after purchasing an additional 48,524 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after buying an additional 22,102 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Five Below by 236.1% in the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after buying an additional 8,035 shares during the last quarter. Finally, KBC Group NV lifted its position in Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 496 shares during the last quarter.

Analysts Set New Price Targets

FIVE has been the topic of a number of recent analyst reports. Mizuho reduced their price target 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. Morgan Stanley reiterated an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. The Goldman Sachs Group cut their price objective on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Evercore ISI lowered their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Loop Capital cut their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.30.

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

Five Below Stock Performance

Shares of FIVE traded up $0.56 during trading hours on Monday, hitting $68.07. The stock had a trading volume of 2,930,140 shares, compared to its average volume of 1,952,555. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.01. The firm has a 50-day moving average price of $76.10 and a 200 day moving average price of $89.01. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $151.95.

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