Five Below, Inc. (NASDAQ:FIVE) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,890 shares of the specialty retailer’s stock after selling 1,681 shares during the quarter. MML Investors Services LLC’s holdings in Five Below were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the last quarter. Atreides Management LP bought a new position in Five Below during the third quarter worth $68,649,000. Two Sigma Advisers LP acquired a new position in Five Below in the third quarter worth $64,981,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $107.50 on Wednesday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.12 and a beta of 1.19. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock’s 50 day moving average price is $95.57 and its 200 day moving average price is $92.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. On average, sell-side analysts expect that Five Below, Inc. will post 4.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FIVE. Wells Fargo & Company raised their price target on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Craig Hallum lifted their target price on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group increased their price target on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays boosted their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $116.15.

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.