Five Below, Inc. (NASDAQ:FIVE) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 7.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,450 shares of the specialty retailer’s stock after purchasing an additional 430 shares during the quarter. State of Alaska Department of Revenue’s holdings in Five Below were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after purchasing an additional 15,734 shares during the period. Private Advisor Group LLC boosted its position in Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after acquiring an additional 395 shares during the period. Signaturefd LLC boosted its position in Five Below by 8.0% during the 3rd quarter. Signaturefd LLC now owns 13,103 shares of the specialty retailer’s stock worth $1,158,000 after acquiring an additional 970 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Five Below by 318,361.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after acquiring an additional 108,243 shares during the period. Finally, Trust Point Inc. boosted its position in Five Below by 17.2% during the 3rd quarter. Trust Point Inc. now owns 12,653 shares of the specialty retailer’s stock worth $1,118,000 after acquiring an additional 1,856 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVE. Guggenheim reduced their price target on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI boosted their price target on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. UBS Group reduced their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Morgan Stanley lowered Five Below from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Finally, Citigroup cut their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.40.

Five Below Stock Up 8.4 %

Shares of Five Below stock opened at $91.52 on Friday. The stock’s fifty day moving average is $90.49 and its 200-day moving average is $102.20. The firm has a market capitalization of $5.03 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Analysts expect that Five Below, Inc. will post 4.55 EPS for the current year.

About Five Below

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.