Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Five Below, Inc. (NASDAQ:FIVE) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,005 shares of the specialty retailer’s stock after purchasing an additional 1,338 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Five Below were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. AlphaQuest LLC grew its position in shares of Five Below by 785.6% in the fourth quarter. AlphaQuest LLC now owns 2,453 shares of the specialty retailer’s stock valued at $257,000 after purchasing an additional 2,176 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Five Below by 15.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,526 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 882 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Five Below in the fourth quarter valued at approximately $967,000. Lindbrook Capital LLC lifted its holdings in Five Below by 96.1% in the fourth quarter. Lindbrook Capital LLC now owns 4,348 shares of the specialty retailer’s stock valued at $456,000 after acquiring an additional 2,131 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Five Below in the fourth quarter valued at approximately $8,489,000.

Analysts Set New Price Targets

A number of research analysts recently commented on FIVE shares. The Goldman Sachs Group upped their price objective on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair reiterated a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. JPMorgan Chase & Co. decreased their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Guggenheim upped their price target on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price target on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Five Below has an average rating of “Hold” and a consensus price target of $111.32.

Insiders Place Their Bets

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

Five Below Stock Performance

Shares of FIVE stock opened at $74.37 on Tuesday. The stock’s 50-day moving average is $89.81 and its two-hundred day moving average is $92.76. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $209.79.

Five Below Company 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.