Intech Investment Management LLC Purchases 19,742 Shares of Five Below, Inc. (NASDAQ:FIVE)

Intech Investment Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 255.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,481 shares of the specialty retailer’s stock after acquiring an additional 19,742 shares during the quarter. Intech Investment Management LLC’s holdings in Five Below were worth $2,884,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FIVE. Brooklyn Investment Group purchased a new position in shares of Five Below in the 3rd quarter worth about $30,000. Proficio Capital Partners LLC purchased a new position in shares of Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. boosted its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Five Below in the 3rd quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the last quarter.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Five Below Trading Up 2.3 %

FIVE stock opened at $75.59 on Thursday. The company’s 50 day moving average is $88.76 and its 200 day moving average is $92.63. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $209.79.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.65 earnings per share. As a group, sell-side analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Craig Hallum upped their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho upped their price objective on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Barclays upped their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Morgan Stanley upped their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.37.

Five Below Company 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.