Employees Retirement System of Texas lowered its position in shares of Five Below Inc (NASDAQ:FIVE) by 75.7% during the second quarter, HoldingsChannel reports. The firm owned 25,000 shares of the specialty retailer’s stock after selling 78,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Five Below were worth $2,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new position in shares of Five Below during the second quarter worth about $271,000. FMR LLC boosted its holdings in Five Below by 105.4% in the 2nd quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock valued at $222,578,000 after purchasing an additional 1,168,796 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Five Below by 1.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 81,350 shares of the specialty retailer’s stock valued at $7,949,000 after purchasing an additional 1,035 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Five Below by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 36,482 shares of the specialty retailer’s stock valued at $3,565,000 after purchasing an additional 749 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in Five Below in the 2nd quarter valued at approximately $1,424,000.

In other news, Director Thomas Vellios sold 60,000 shares of Five Below stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $103.18, for a total transaction of $6,190,800.00. Following the completion of the sale, the director now directly owns 661,977 shares in the company, valued at approximately $68,302,786.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Ryan sold 35,000 shares of Five Below stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $103.25, for a total transaction of $3,613,750.00. Following the sale, the director now owns 9,710 shares of the company’s stock, valued at $1,002,557.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,806 shares of company stock valued at $14,531,056. Insiders own 2.60% of the company’s stock.

FIVE stock opened at $119.63 on Wednesday. Five Below Inc has a 12-month low of $47.73 and a 12-month high of $119.70. The company has a market cap of $6.48 billion, a PE ratio of 57.94, a P/E/G ratio of 1.69 and a beta of 0.51.

FIVE has been the topic of a number of analyst reports. Dougherty & Co lifted their price objective on Five Below from $85.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, June 7th. Deutsche Bank lifted their price objective on Five Below from $84.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, June 7th. Buckingham Research lifted their price objective on Five Below from $78.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 7th. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Finally, Deutsche Bank lowered their price objective on Five Below from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 25th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.76.

About Five Below

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.

Further Reading: Return on Investment (ROI)

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

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