State of Tennessee Treasury Department cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,215 shares of the specialty retailer’s stock after selling 3,047 shares during the period. State of Tennessee Treasury Department owned 0.09% of Five Below worth $2,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FIVE. Teachers Advisors LLC increased its stake in shares of Five Below by 5.1% during the first quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after buying an additional 4,479 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Five Below during the first quarter valued at approximately $3,175,000. Schwab Charles Investment Management Inc. increased its stake in shares of Five Below by 9.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock valued at $12,041,000 after buying an additional 25,041 shares during the period. State Street Corp increased its stake in shares of Five Below by 6.1% during the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock valued at $60,437,000 after buying an additional 79,961 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Five Below during the first quarter valued at approximately $276,000.

FIVE has been the topic of several research analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $54.00 target price (up from $53.00) on shares of Five Below in a research note on Thursday, August 31st. Royal Bank Of Canada boosted their target price on Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Thursday, September 7th. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Loop Capital set a $60.00 price target on Five Below and gave the stock a “buy” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Five Below currently has a consensus rating of “Buy” and an average price target of $55.66.

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Shares of Five Below, Inc. (FIVE) opened at $59.90 on Friday. Five Below, Inc. has a 12 month low of $36.90 and a 12 month high of $60.12. The company has a market capitalization of $3,290.00, a price-to-earnings ratio of 40.24, a PEG ratio of 1.23 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The firm had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. analysts anticipate that Five Below, Inc. will post 1.66 EPS for the current fiscal year.

In other news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.

Five Below Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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