Rice Hall James & Associates LLC increased its position in Five Below, Inc. (NASDAQ:FIVE) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 418,167 shares of the specialty retailer’s stock after buying an additional 670 shares during the period. Rice Hall James & Associates LLC’s holdings in Five Below were worth $20,645,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FIVE. Arizona State Retirement System increased its stake in shares of Five Below by 0.3% in the second quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after buying an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Five Below by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 290,516 shares of the specialty retailer’s stock valued at $14,343,000 after buying an additional 12,504 shares during the period. TD Asset Management Inc. increased its stake in Five Below by 10.0% in the second quarter. TD Asset Management Inc. now owns 22,090 shares of the specialty retailer’s stock valued at $1,091,000 after buying an additional 2,000 shares during the period. Sei Investments Co. increased its stake in Five Below by 46.4% in the second quarter. Sei Investments Co. now owns 24,188 shares of the specialty retailer’s stock valued at $1,194,000 after buying an additional 7,662 shares during the period. Finally, Essex Investment Management Co. LLC increased its stake in Five Below by 29.8% in the second quarter. Essex Investment Management Co. LLC now owns 40,242 shares of the specialty retailer’s stock valued at $1,987,000 after buying an additional 9,234 shares during the period.

Shares of Five Below, Inc. (NASDAQ FIVE) opened at 48.29 on Friday. The company has a 50 day moving average price of $47.96 and a 200 day moving average price of $45.57. The company has a market capitalization of $2.66 billion, a P/E ratio of 36.34 and a beta of 0.94. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The firm had revenue of $232.90 million for the quarter, compared to analyst estimates of $230.75 million. During the same quarter in the prior year, the company earned $0.12 EPS. Five Below’s revenue was up 20.9% on a year-over-year basis. Equities analysts anticipate that Five Below, Inc. will post $1.64 EPS for the current year.

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Several analysts have recently weighed in on FIVE shares. Jefferies Group LLC lifted their target price on Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Deutsche Bank AG reiterated a “hold” rating and set a $53.00 target price (up from $48.00) on shares of Five Below in a research report on Tuesday, May 30th. Credit Suisse Group reiterated an “outperform” rating and set a $65.00 target price (up from $47.00) on shares of Five Below in a research report on Saturday, June 3rd. Guggenheim reiterated a “buy” rating and set a $60.00 target price (up from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. Finally, Vetr upgraded Five Below from a “hold” rating to a “buy” rating and set a $47.56 target price for the company in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.74.

In related news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total transaction of $932,470.00. Following the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.22% of the stock is currently owned by corporate insiders.

Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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

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