Ensign Peak Advisors Inc Buys 20,375 Shares of Five Below, Inc. (NASDAQ:FIVE)

Ensign Peak Advisors Inc grew its stake in Five Below, Inc. (NASDAQ:FIVE) by 65.5% in the second quarter, HoldingsChannel reports. The fund owned 51,475 shares of the specialty retailer’s stock after acquiring an additional 20,375 shares during the period. Ensign Peak Advisors Inc’s holdings in Five Below were worth $5,609,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC bought a new position in Five Below in the 4th quarter valued at $37,000. Parallel Advisors LLC boosted its holdings in 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 last quarter. TD Asset Management Inc increased its position in Five Below by 2.8% in the fourth quarter. TD Asset Management Inc now owns 191,315 shares of the specialty retailer’s stock worth $40,781,000 after purchasing an additional 5,200 shares during the period. Stifel Financial Corp lifted its position in Five Below by 2.6% during the 4th quarter. Stifel Financial Corp now owns 42,017 shares of the specialty retailer’s stock valued at $8,956,000 after purchasing an additional 1,078 shares during the period. Finally, Fiduciary Trust Co boosted its stake in shares of Five Below by 19.7% in the 4th quarter. Fiduciary Trust Co now owns 5,711 shares of the specialty retailer’s stock valued at $1,217,000 after purchasing an additional 940 shares during the last quarter.

Analysts Set New Price Targets

FIVE has been the topic of several analyst reports. Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. Melius Research started coverage on Five Below in a research note on Monday. They set a “hold” rating and a $100.00 price objective for the company. Bank of America increased their target price on Five Below from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Gordon Haskett lowered Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Citigroup cut their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Five Below currently has an average rating of “Hold” and a consensus price target of $109.45.

Five Below Stock Down 3.1 %

NASDAQ FIVE opened at $91.04 on Thursday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The firm’s 50 day moving average is $79.37 and its 200-day moving average is $120.00. The company has a market capitalization of $5.01 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. As a group, sell-side analysts expect that Five Below, Inc. will post 4.55 EPS for the current year.

Five Below Company 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.