Handelsbanken Fonder AB Has $1.60 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Handelsbanken Fonder AB lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,209 shares of the specialty retailer’s stock after purchasing an additional 2,200 shares during the period. Handelsbanken Fonder AB’s holdings in Five Below were worth $1,596,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 180,902 shares during the period. National Bank of Canada FI increased its stake in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below during the 3rd quarter worth about $3,282,000. Algert Global LLC increased its stake in shares of Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after purchasing an additional 9,188 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on FIVE. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Craig Hallum upped their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley upped their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Five Below has a consensus rating of “Hold” and an average price target of $111.32.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Five Below Stock Up 2.5 %

Shares of NASDAQ FIVE opened at $89.73 on Wednesday. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $212.01. The firm’s fifty day moving average is $96.72 and its 200 day moving average is $92.39. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.19 and a beta of 1.13.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.