Teachers Retirement System of The State of Kentucky Sells 900 Shares of Five Below, Inc. (NASDAQ:FIVE)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 17,843 shares of the specialty retailer’s stock after selling 900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Five Below were worth $3,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Five Below in the fourth quarter valued at about $26,000. Planned Solutions Inc. bought a new stake in shares of Five Below in the fourth quarter valued at about $34,000. CVA Family Office LLC bought a new stake in shares of Five Below in the fourth quarter valued at about $36,000. Quest Partners LLC bought a new stake in shares of Five Below in the fourth quarter valued at about $37,000. Finally, Parallel Advisors LLC boosted its position in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 82 shares during the period.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of recent research reports. Guggenheim reduced their target price on shares of Five Below from $230.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Craig Hallum cut their price objective on shares of Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Citigroup cut their price objective on shares of Five Below from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Mizuho cut their price objective on shares of Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, UBS Group cut their price objective on shares of Five Below from $245.00 to $223.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.50.

Five Below Price Performance

Five Below stock opened at $113.93 on Wednesday. The business has a 50 day moving average of $138.24 and a 200-day moving average of $173.42. Five Below, Inc. has a 1 year low of $106.21 and a 1 year high of $216.18. The company has a market capitalization of $6.27 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.05 and a beta of 1.17.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that Five Below, Inc. will post 5.19 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.