Louisiana State Employees Retirement System Trims Position in Five Below, Inc. (NASDAQ:FIVE)

Louisiana State Employees Retirement System decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,300 shares of the specialty retailer’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Five Below were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. increased its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Marshall Wace LLP increased its position in Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after purchasing an additional 167,330 shares during the last quarter. Jennison Associates LLC acquired a new position in Five Below during the first quarter worth approximately $25,114,000. Finally, Allspring Global Investments Holdings LLC increased its position in Five Below by 318,361.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after purchasing an additional 108,243 shares during the last quarter.

Five Below Price Performance

NASDAQ FIVE opened at $95.93 on Friday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. The company’s fifty day moving average price is $89.66 and its two-hundred day moving average price is $103.86.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $821.95 million. As a group, analysts anticipate that Five Below, Inc. will post 4.55 EPS for the current year.

Analysts Set New Price Targets

FIVE has been the subject of several research analyst reports. Telsey Advisory Group dropped their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. William Blair lowered shares of Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Bank of America upped their price target on shares of Five Below from $87.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $79.00 price objective (down previously from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $111.60.

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.