GW&K Investment Management LLC decreased its stake in shares of Five Below Inc (NASDAQ:FIVE) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,023,256 shares of the specialty retailer’s stock after selling 248,594 shares during the period. Five Below accounts for approximately 1.2% of GW&K Investment Management LLC’s holdings, making the stock its 7th biggest holding. GW&K Investment Management LLC’s holdings in Five Below were worth $67,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its position in Five Below by 24.1% during the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after buying an additional 412,641 shares in the last quarter. Emerald Advisers Inc. PA lifted its position in Five Below by 8.9% during the 3rd quarter. Emerald Advisers Inc. PA now owns 598,025 shares of the specialty retailer’s stock worth $32,820,000 after buying an additional 48,974 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Five Below during the 2nd quarter worth about $588,000. Macquarie Group Ltd. lifted its position in Five Below by 42.2% during the 2nd quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock worth $38,313,000 after buying an additional 230,191 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Five Below by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 301,656 shares of the specialty retailer’s stock worth $16,555,000 after buying an additional 11,140 shares in the last quarter.

Shares of Five Below Inc (FIVE) traded up $0.73 during trading hours on Friday, reaching $67.52. The company’s stock had a trading volume of 677,718 shares, compared to its average volume of 1,150,000. The company has a market cap of $3,730.00, a PE ratio of 44.13, a P/E/G ratio of 1.29 and a beta of 0.84. Five Below Inc has a 12-month low of $37.14 and a 12-month high of $73.55.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The firm had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. analysts forecast that Five Below Inc will post 1.81 earnings per share for the current fiscal year.

Several brokerages recently issued reports on FIVE. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. MKM Partners upped their price target on shares of Five Below to $75.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Friday, December 1st. Barclays reiterated a “hold” rating and set a $60.00 price target on shares of Five Below in a research report on Sunday, December 3rd. Finally, Dougherty & Co upped their price target on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Five Below presently has an average rating of “Buy” and a consensus target price of $64.33.

In other news, CEO Joel D. Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the sale, the chief executive officer now directly owns 127,693 shares of the company’s stock, valued at approximately $8,555,431. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric M. Specter sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the sale, the insider now directly owns 13,883 shares of the company’s stock, valued at $931,271.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,400 shares of company stock valued at $9,474,401. 3.22% of the stock is currently owned by company insiders.

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Five Below Company 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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