Norges Bank purchased a new stake in shares of Five Below Inc (NASDAQ:FIVE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 529,265 shares of the specialty retailer’s stock, valued at approximately $54,154,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Castle Rock Wealth Management LLC acquired a new position in Five Below during the 4th quarter worth $329,000. Nordea Investment Management AB grew its holdings in Five Below by 5.3% during the 4th quarter. Nordea Investment Management AB now owns 38,942 shares of the specialty retailer’s stock worth $3,984,000 after acquiring an additional 1,961 shares in the last quarter. Penn Capital Management Co. Inc. grew its holdings in Five Below by 48.2% during the 4th quarter. Penn Capital Management Co. Inc. now owns 79,550 shares of the specialty retailer’s stock worth $9,009,000 after acquiring an additional 25,863 shares in the last quarter. Executive Wealth Management LLC acquired a new position in Five Below during the 4th quarter worth $608,000. Finally, Amalgamated Bank grew its holdings in Five Below by 127.3% during the 4th quarter. Amalgamated Bank now owns 8,553 shares of the specialty retailer’s stock worth $875,000 after acquiring an additional 4,790 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, December 20th. Goldman Sachs Group upgraded shares of Five Below from a “buy” rating to a “conviction-buy” rating and set a $147.00 price target on the stock in a research report on Thursday, March 28th. ValuEngine upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 24th. Finally, JPMorgan Chase & Co. downgraded shares of Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price target on the stock. in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below presently has a consensus rating of “Buy” and an average price target of $127.40.

Shares of NASDAQ:FIVE opened at $129.15 on Thursday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 50.25, a PEG ratio of 1.41 and a beta of 0.60. Five Below Inc has a fifty-two week low of $69.37 and a fifty-two week high of $136.13.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. The firm had revenue of $602.68 million for the quarter, compared to the consensus estimate of $601.53 million. Five Below had a net margin of 9.60% and a return on equity of 27.10%. Five Below’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. On average, equities analysts predict that Five Below Inc will post 3.06 earnings per share for the current 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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