Swiss National Bank Has $11.35 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Swiss National Bank increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 108,159 shares of the specialty retailer’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank’s holdings in Five Below were worth $11,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 558 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Five Below by 27.5% during the 4th quarter. HighTower Advisors LLC now owns 6,970 shares of the specialty retailer’s stock worth $732,000 after acquiring an additional 1,504 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Five Below by 9.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,005 shares of the specialty retailer’s stock worth $1,575,000 after acquiring an additional 1,338 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Five Below by 785.6% during the 4th quarter. AlphaQuest LLC now owns 2,453 shares of the specialty retailer’s stock worth $257,000 after acquiring an additional 2,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Five Below by 15.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,526 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 882 shares in the last quarter.

Five Below Stock Up 0.7 %

Shares of FIVE stock opened at $76.11 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $187.83. The company has a market cap of $4.19 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. The business has a fifty day simple moving average of $88.30 and a 200 day simple moving average of $92.51.

Five Below (NASDAQ:FIVE) last announced 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $3.65 EPS. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price objective on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. Guggenheim upped their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday. Citigroup upped their price objective on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Mizuho decreased their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $104.00.

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 dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

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.