Legal & General Group Plc Acquires 5,616 Shares of Five Below, Inc. $FIVE

Legal & General Group Plc boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,078 shares of the specialty retailer’s stock after purchasing an additional 5,616 shares during the quarter. Legal & General Group Plc’s holdings in Five Below were worth $14,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIVE. Jump Financial LLC boosted its holdings in shares of Five Below by 41.3% during the 1st quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer’s stock valued at $11,946,000 after purchasing an additional 46,586 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Five Below by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after buying an additional 155 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Five Below by 169.9% during the first quarter. Smartleaf Asset Management LLC now owns 1,997 shares of the specialty retailer’s stock valued at $146,000 after buying an additional 1,257 shares during the last quarter. Entropy Technologies LP bought a new position in Five Below during the first quarter valued at approximately $240,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Five Below by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 681,872 shares of the specialty retailer’s stock valued at $51,089,000 after buying an additional 28,601 shares in the last quarter.

Analysts Set New Price Targets

FIVE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Five Below in a report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Five Below from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday. Craig Hallum boosted their target price on shares of Five Below from $164.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. The Goldman Sachs Group upped their target price on shares of Five Below from $143.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Mizuho increased their price target on shares of Five Below from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $156.06.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $166.00 on Friday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $168.98. The firm has a 50-day simple moving average of $154.28 and a two-hundred day simple moving average of $140.06. The company has a market cap of $9.15 billion, a P/E ratio of 33.60, a PEG ratio of 2.33 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.20. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts expect 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.