M&T Bank Corp Buys 1,399 Shares of Five Below, Inc. (NASDAQ:FIVE)

M&T Bank Corp grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 30.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,965 shares of the specialty retailer’s stock after acquiring an additional 1,399 shares during the period. M&T Bank Corp’s holdings in Five Below were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp raised its position 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 purchasing an additional 31,520 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares during the period. Atreides Management LP bought a new position in Five Below during the third quarter worth $68,649,000. Two Sigma Advisers LP bought a new position in shares of Five Below during the 3rd quarter worth about $64,981,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after acquiring an additional 180,902 shares in the last quarter.

Five Below Trading Up 0.0 %

Shares of NASDAQ:FIVE opened at $105.05 on Wednesday. The company has a 50 day moving average of $94.07 and a 200 day moving average of $92.81. The stock has a market cap of $5.78 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIVE. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Telsey Advisory Group increased their price target on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Guggenheim lifted their price target on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial raised their target price on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and a consensus 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.