Rhumbline Advisers Buys 3,705 Shares of Five Below, Inc. (NASDAQ:FIVE)

Rhumbline Advisers increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,799 shares of the specialty retailer’s stock after purchasing an additional 3,705 shares during the period. Rhumbline Advisers owned approximately 0.29% of Five Below worth $16,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FIVE. Gradient Investments LLC boosted its position in shares of Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after buying an additional 111 shares during the period. UMB Bank n.a. lifted its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares in the last quarter. KBC Group NV boosted its position in Five Below by 23.7% during the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after acquiring an additional 312 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Five Below during the 3rd quarter worth approximately $30,000. Finally, Private Advisor Group LLC grew its stake in shares of Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after acquiring an additional 395 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on FIVE. JPMorgan Chase & Co. reduced their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Telsey Advisory Group restated a “market perform” rating and issued a $115.00 price objective on shares of Five Below in a report on Tuesday, January 14th. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Barclays increased their price target on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.32.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Five Below Price Performance

Five Below stock opened at $85.92 on Friday. The firm has a market cap of $4.73 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The stock’s fifty day moving average price is $97.38 and its two-hundred day moving average price is $91.71. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.