State Street Corp Acquires 31,520 Shares of Five Below, Inc. (NASDAQ:FIVE)

State Street Corp raised its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,662,313 shares of the specialty retailer's stock after purchasing an additional 31,520 shares during the quarter. State Street Corp owned 3.02% of Five Below worth $146,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after buying an additional 180,902 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Five Below in the 3rd quarter worth $3,282,000. Janney Montgomery Scott LLC raised its holdings in shares of Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock valued at $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Algert Global LLC lifted its position in shares of Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock valued at $2,282,000 after purchasing an additional 20,266 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Five Below by 1,379.0% during the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer's stock worth $1,491,000 after purchasing an additional 15,734 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on FIVE shares. KeyCorp lowered shares of Five Below from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Citigroup increased their price target on Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Guggenheim boosted their price objective on Five Below from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Bank of America lowered Five Below from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $116.15.

Five Below Trading Up 0.2 %

Shares of FIVE traded up $0.16 during mid-day trading on Friday, reaching $103.95. 1,901,416 shares of the stock traded hands, compared to its average volume of 1,524,676. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The firm has a fifty day moving average price of $93.55 and a 200 day moving average price of $93.79.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm's revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.94 EPS for the current 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.