Handelsbanken Fonder AB Raises Stake in Five Below, Inc. $FIVE

Handelsbanken Fonder AB increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 23.5% in the third quarter, Holdings Channel reports. The firm owned 18,409 shares of the specialty retailer’s stock after acquiring an additional 3,500 shares during the period. Handelsbanken Fonder AB’s holdings in Five Below were worth $2,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Western Standard LLC purchased a new stake in Five Below during the third quarter worth approximately $6,281,000. R Squared Ltd acquired a new position in shares of Five Below during the 3rd quarter valued at $467,000. Choreo LLC boosted its position in Five Below by 30.1% during the 3rd quarter. Choreo LLC now owns 4,221 shares of the specialty retailer’s stock worth $653,000 after purchasing an additional 977 shares during the period. Primecap Management Co. CA purchased a new stake in Five Below during the 3rd quarter worth $201,000. Finally, Intech Investment Management LLC increased its holdings in Five Below by 6.5% in the 3rd quarter. Intech Investment Management LLC now owns 24,590 shares of the specialty retailer’s stock valued at $3,804,000 after purchasing an additional 1,494 shares in the last quarter.

Five Below Stock Down 0.9%

Shares of FIVE opened at $221.55 on Wednesday. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.72 and a beta of 1.10. The business’s 50 day moving average is $201.02 and its two-hundred day moving average is $171.94. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $229.33.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.46. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. Five Below had a net margin of 6.96% and a return on equity of 17.15%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. On average, equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the transaction, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at $9,197,382.60. This trade represents a 15.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth R. Bull sold 25,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $174.75, for a total transaction of $4,368,750.00. Following the completion of the sale, the chief operating officer directly owned 106,140 shares of the company’s stock, valued at $18,547,965. The trade was a 19.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 50,769 shares of company stock worth $9,365,308 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of recent research reports. Telsey Advisory Group boosted their price objective on Five Below from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Jefferies Financial Group boosted their price target on Five Below from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. The Goldman Sachs Group upped their price target on Five Below from $188.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company upped their target price on shares of Five Below from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and an average target price of $204.85.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.