Integrated Wealth Concepts LLC acquired a new position in shares of Five Below Inc (NASDAQ:FIVE) during the third quarter, Holdings Channel reports. The fund acquired 1,833 shares of the specialty retailer’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently modified their holdings of FIVE. Advisory Services Network LLC lifted its stake in shares of Five Below by 1,598.1% in the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 863 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Five Below in the third quarter worth about $184,000. Sawtooth Solutions LLC acquired a new position in shares of Five Below in the third quarter worth about $201,000. Norris Perne & French LLP MI acquired a new position in shares of Five Below in the third quarter worth about $209,000. Finally, Cidel Asset Management Inc. acquired a new position in shares of Five Below in the third quarter worth about $211,000. Institutional investors own 95.42% of the company’s stock.

In other news, Director Daniel Kaufman sold 3,995 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total transaction of $532,054.10. Following the completion of the transaction, the director now directly owns 5,047 shares of the company’s stock, valued at $672,159.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the transaction, the executive vice president now directly owns 18,092 shares of the company’s stock, valued at $2,279,592. The disclosure for this sale can be found here. Insiders have sold 19,303 shares of company stock valued at $2,346,022 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

FIVE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Tuesday, August 21st. JPMorgan Chase & Co. upped their price objective on Five Below from $150.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, September 24th. Telsey Advisory Group assumed coverage on Five Below in a research note on Wednesday, October 24th. They set a “market perform” rating and a $120.00 price objective on the stock. Morgan Stanley upped their price objective on Five Below from $94.00 to $103.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $119.59.

Shares of NASDAQ FIVE opened at $104.58 on Wednesday. Five Below Inc has a 52-week low of $60.00 and a 52-week high of $136.13. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 1.45 and a beta of 0.52.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $347.73 million during the quarter, compared to analyst estimates of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. Equities research analysts expect that Five Below Inc will post 2.54 EPS for the current fiscal year.

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Five Below 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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