BlackRock Inc. decreased its holdings in Five Below Inc (NASDAQ:FIVE) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,253,251 shares of the specialty retailer’s stock after selling 924,510 shares during the quarter. BlackRock Inc. owned approximately 11.24% of Five Below worth $611,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIVE. Landscape Capital Management L.L.C. bought a new position in Five Below in the 1st quarter valued at $27,287,000. Wells Fargo & Company MN raised its position in Five Below by 72.1% in the 1st quarter. Wells Fargo & Company MN now owns 645,375 shares of the specialty retailer’s stock valued at $47,331,000 after purchasing an additional 270,309 shares during the last quarter. A.R.T. Advisors LLC raised its position in Five Below by 427.0% in the 1st quarter. A.R.T. Advisors LLC now owns 267,447 shares of the specialty retailer’s stock valued at $19,614,000 after purchasing an additional 216,700 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Five Below by 1,022.2% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 231,595 shares of the specialty retailer’s stock valued at $22,629,000 after purchasing an additional 210,958 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new position in Five Below in the 2nd quarter valued at $13,828,000.

A number of equities research analysts have recently weighed in on the company. Barclays set a $80.00 target price on Five Below and gave the stock a “hold” rating in a research report on Thursday, June 7th. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Dougherty & Co boosted their target price on Five Below from $85.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Finally, BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $96.76.

NASDAQ FIVE opened at $119.63 on Wednesday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 66.84, a P/E/G ratio of 1.69 and a beta of 0.51. Five Below Inc has a 12 month low of $47.73 and a 12 month high of $119.70.

In related news, insider Joel D. Anderson sold 20,929 shares of the company’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $103.50, for a total value of $2,166,151.50. Following the completion of the sale, the insider now owns 29,117 shares in the company, valued at $3,013,609.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Vellios sold 60,000 shares of the company’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $103.18, for a total value of $6,190,800.00. Following the completion of the sale, the director now owns 661,977 shares of the company’s stock, valued at approximately $68,302,786.86. The disclosure for this sale can be found here. Insiders sold 141,806 shares of company stock valued at $14,531,056 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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