State of New Jersey Common Pension Fund D Buys 1,121 Shares of Five Below, Inc. (NASDAQ:FIVE)

State of New Jersey Common Pension Fund D lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,822 shares of the specialty retailer’s stock after purchasing an additional 1,121 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Five Below were worth $2,605,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIVE. Brooklyn Investment Group purchased a new stake in shares of Five Below during the third quarter worth about $30,000. UMB Bank n.a. lifted its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Five Below in the third quarter worth about $42,000. R Squared Ltd purchased a new stake in Five Below in the fourth quarter worth about $68,000. Finally, GAMMA Investing LLC lifted its holdings in Five Below by 149.1% in the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after buying an additional 814 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FIVE shares. Wells Fargo & Company lifted their target price on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Loop Capital raised their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Craig Hallum raised their price target on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, William Blair reiterated a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Five Below has a consensus rating of “Hold” and an average target price of $111.32.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Five Below Stock Down 2.9 %

FIVE stock opened at $89.16 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The stock has a market cap of $4.90 billion, a P/E ratio of 18.38, a PEG ratio of 1.27 and a beta of 1.12. The business’s 50-day moving average price is $97.74 and its 200-day moving average price is $91.58.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share 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 firm had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.