1,691 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,691 shares of the specialty retailer’s stock, valued at approximately $360,000.

Other institutional investors also recently modified their holdings of the company. AGF Management Ltd. acquired a new stake in shares of Five Below during the fourth quarter worth $3,192,000. International Assets Investment Management LLC purchased a new stake in Five Below during the fourth quarter valued at about $3,726,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Below by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after buying an additional 11,073 shares during the period. Desjardins Global Asset Management Inc. purchased a new position in shares of Five Below in the fourth quarter worth approximately $2,783,000. Finally, Bridgefront Capital LLC raised its holdings in shares of Five Below by 379.0% during the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock valued at $1,699,000 after acquiring an additional 6,306 shares during the period.

Analysts Set New Price Targets

Several equities analysts have weighed in on FIVE shares. Evercore ISI lowered their price objective on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Five Below from $201.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Citigroup lowered their target price on Five Below from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Craig Hallum decreased their target price on shares of Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Finally, Morgan Stanley cut their price objective on Five Below from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.50.

Five Below Trading Down 1.2 %

Shares of Five Below stock opened at $112.55 on Friday. The firm has a fifty day simple moving average of $136.30 and a 200-day simple moving average of $172.58. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.32 and a beta of 1.17. Five Below, Inc. has a 1-year low of $106.21 and a 1-year high of $216.18.

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