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

State Street Corp lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,662,313 shares of the specialty retailer’s stock after buying an additional 31,520 shares during the quarter. State Street Corp’s holdings in Five Below were worth $146,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FIVE. Charles Schwab Investment Management Inc. raised its stake in Five Below by 41.7% during 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 purchasing an additional 180,902 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Five Below during the 3rd quarter valued at approximately $3,282,000. Janney Montgomery Scott LLC raised its stake in Five Below by 72.8% during the 3rd 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 period. Algert Global LLC raised its stake in Five Below by 364.2% during the 3rd 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 during the period. Finally, International Assets Investment Management LLC grew its holdings in Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after buying an additional 15,734 shares in the last quarter.

Five Below Stock Up 0.2 %

FIVE opened at $103.95 on Friday. The business has a fifty day moving average of $93.55 and a 200 day moving average of $93.79. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The stock has a market cap of $5.72 billion, a P/E ratio of 21.43, a PEG ratio of 1.12 and a beta of 1.18.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair restated a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Loop Capital raised their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Morgan Stanley raised their price target on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 7th. Finally, Guggenheim raised their price target on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.