Geode Capital Management LLC Increases Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Geode Capital Management LLC lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 979,489 shares of the specialty retailer’s stock after buying an additional 11,504 shares during the period. Geode Capital Management LLC’s holdings in Five Below were worth $86,559,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Atreides Management LP purchased a new stake in shares of Five Below during the 3rd quarter worth $68,649,000. Point72 Asset Management L.P. boosted its holdings 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 buying an additional 769,980 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Five Below during the third quarter worth about $64,981,000. Holocene Advisors LP purchased a new position in Five Below in the third quarter valued at about $38,829,000. Finally, Wellington Management Group LLP lifted its position in shares of Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Barclays raised their price target 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. Craig Hallum increased their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their target price on shares of Five Below from $83.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group upped their price target on shares of Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.15.

Five Below Price Performance

Five Below stock opened at $107.75 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 cap of $5.93 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The stock’s 50-day moving average is $94.69 and its 200-day moving average is $93.01.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. Research analysts anticipate that Five Below, Inc. will post 4.94 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.