Vanguard Group Inc. Has $1.08 Billion Position in Five Below, Inc. (NASDAQ:FIVE)

Vanguard Group Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,068,024 shares of the specialty retailer’s stock after selling 191,618 shares during the period. Vanguard Group Inc. owned about 9.18% of Five Below worth $1,080,300,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FIVE. AGF Management Ltd. acquired a new position in Five Below during the fourth quarter valued at approximately $3,192,000. International Assets Investment Management LLC bought a new stake in shares of Five Below during the 4th quarter worth approximately $3,726,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Below by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock valued at $86,260,000 after buying an additional 11,073 shares during the last quarter. Desjardins Global Asset Management Inc. bought a new position in shares of Five Below in the fourth quarter valued at $2,783,000. Finally, Bridgefront Capital LLC raised its position in Five Below by 379.0% during the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after acquiring an additional 6,306 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIVE. Morgan Stanley decreased their price objective on shares of Five Below from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Guggenheim dropped their price objective on Five Below from $230.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. UBS Group reduced their target price on Five Below from $245.00 to $223.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and dropped their price target for the company from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Finally, Loop Capital reduced their price objective on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.50.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $112.55 on Friday. The business has a fifty day moving average price of $136.30 and a two-hundred day moving average price of $172.58. The stock has a market capitalization of $6.20 billion, a PE ratio of 21.16, a P/E/G ratio of 1.32 and a beta of 1.17. Five Below, Inc. has a fifty-two week low of $106.21 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. On average, equities analysts expect 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.