Swiss National Bank Acquires 600 Shares of Five Below, Inc. (NASDAQ:FIVE)

Swiss National Bank lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,159 shares of the specialty retailer’s stock after buying an additional 600 shares during the quarter. Swiss National Bank owned about 0.20% of Five Below worth $11,352,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares during the period. HighTower Advisors LLC increased its position in Five Below by 27.5% in the fourth quarter. HighTower Advisors LLC now owns 6,970 shares of the specialty retailer’s stock worth $732,000 after purchasing an additional 1,504 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Five Below by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,005 shares of the specialty retailer’s stock worth $1,575,000 after purchasing an additional 1,338 shares during the period. AlphaQuest LLC increased its position in Five Below by 785.6% in the fourth quarter. AlphaQuest LLC now owns 2,453 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 2,176 shares during the period. Finally, PNC Financial Services Group Inc. increased its position 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 worth $685,000 after purchasing an additional 882 shares during the period.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s 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 in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIVE. Loop Capital lowered their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday. Mizuho decreased their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Bank of America decreased their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday. Finally, Telsey Advisory Group decreased their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.00.

Five Below Stock Performance

NASDAQ FIVE opened at $76.11 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.19 and a beta of 1.11. The stock’s 50 day moving average price is $88.30 and its two-hundred day moving average price is $92.51. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $187.83.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.65 EPS. On average, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current 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.