KLP Kapitalforvaltning AS Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

KLP Kapitalforvaltning AS bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,600 shares of the specialty retailer’s stock, valued at approximately $1,218,000.

Other large investors have also recently made changes to their positions in the company. Atreides Management LP purchased a new stake in Five Below in the 3rd quarter valued at about $68,649,000. Two Sigma Advisers LP bought a new stake in shares of Five Below during the third quarter valued at approximately $64,981,000. Holocene Advisors LP purchased a new stake in shares of Five Below in the third quarter valued at approximately $38,829,000. Wellington Management Group LLP grew its stake in Five Below by 1,042.4% in the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after purchasing an additional 356,776 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Five Below by 1,094.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after purchasing an additional 335,493 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in on FIVE. UBS Group lowered their target price on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group dropped their target price on shares of Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Guggenheim lowered their price target on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Telsey Advisory Group dropped their price objective on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.16.

Insiders Place Their Bets

In other 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 value of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $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 is available through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Five Below Stock Down 7.8 %

Shares of Five Below stock opened at $73.20 on Friday. The company has a 50 day moving average price of $86.05 and a 200 day moving average price of $92.56. The firm has a market capitalization of $4.03 billion, a P/E ratio of 15.09, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $182.99.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $3.65 earnings per share. As a group, research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

About Five Below

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.