New York State Teachers Retirement System Sells 200 Shares of Five Below, Inc. (NASDAQ:FIVE)

New York State Teachers Retirement System lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,236 shares of the specialty retailer’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Five Below worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Paladin Wealth LLC acquired a new stake in Five Below in the third quarter valued at about $26,000. Partnership Wealth Management LLC boosted its stake in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Five Below during the 1st quarter valued at approximately $38,000. Hobbs Group Advisors LLC acquired a new position in Five Below during the 2nd quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Five Below during the 2nd quarter worth approximately $50,000.

Five Below Trading Down 1.4 %

NASDAQ:FIVE opened at $93.69 on Wednesday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.06 and a beta of 1.20. The firm has a fifty day simple moving average of $89.89 and a two-hundred day simple moving average of $102.80.

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

Analyst Ratings Changes

A number of research firms have weighed in on FIVE. Bank of America boosted their target price on shares of Five Below from $87.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Melius Research started coverage on Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. Citigroup lowered their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $79.00 target price (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.60.

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.