State Street Corp lowered its position in Five Below Inc. (NASDAQ:FIVE) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,197,072 shares of the company’s stock after selling 51,251 shares during the period. State Street Corp owned 2.19% of Five Below worth $49,489,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Five Below by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 51,900 shares of the company’s stock worth $1,666,000 after buying an additional 2,200 shares in the last quarter. California Public Employees Retirement System raised its stake in Five Below by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 131,900 shares of the company’s stock worth $4,234,000 after buying an additional 4,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock worth $56,358,000 after buying an additional 31,684 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Five Below during the fourth quarter worth approximately $1,220,000. Finally, Ameriprise Financial Inc. raised its stake in Five Below by 511.0% in the fourth quarter. Ameriprise Financial Inc. now owns 287,128 shares of the company’s stock worth $9,217,000 after buying an additional 240,137 shares in the last quarter.
Shares of Five Below Inc. (NASDAQ:FIVE) traded down 2.00% on Thursday, hitting $50.47. The stock had a trading volume of 624,809 shares. The company has a market capitalization of $2.76 billion and a price-to-earnings ratio of 46.35. The company has a 50-day moving average of $47.31 and a 200 day moving average of $40.75. Five Below Inc. has a 52 week low of $26.95 and a 52 week high of $52.70.
FIVE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Five Below from a “hold” rating to a “sell” rating in a research report on Monday, April 4th. Credit Suisse Group AG assumed coverage on Five Below in a research report on Friday, April 22nd. They issued an “outperform” rating and a $47.00 target price on the stock. MKM Partners reissued a “buy” rating on shares of Five Below in a research report on Wednesday, June 1st. Royal Bank Of Canada lifted their target price on Five Below from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, June 3rd. Finally, Buckingham Research reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Five Below in a research report on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Five Below has a consensus rating of “Buy” and a consensus price target of $43.85.
In related news, CFO Kenneth R. Bull sold 34,600 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $45.06, for a total transaction of $1,559,076.00. Following the transaction, the chief financial officer now directly owns 59,682 shares of the company’s stock, valued at approximately $2,689,270.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.
