Gradient Investments LLC Buys 111 Shares of Five Below, Inc. (NASDAQ:FIVE)

Gradient Investments LLC lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,875 shares of the specialty retailer’s stock after acquiring an additional 111 shares during the period. Gradient Investments LLC’s holdings in Five Below were worth $1,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atreides Management LP acquired a new stake in shares of Five Below in the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. grew its holdings in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Five Below in the 3rd quarter valued at approximately $64,981,000. Holocene Advisors LP bought a new stake in Five Below in the 3rd quarter valued at approximately $38,829,000. Finally, Wellington Management Group LLP lifted its stake in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares in the last quarter.

Five Below Stock Up 4.0 %

Shares of NASDAQ:FIVE opened at $95.75 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The business has a 50 day moving average of $99.77 and a 200-day moving average of $90.22. The stock has a market cap of $5.27 billion, a PE ratio of 19.74, a P/E/G ratio of 1.27 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of recent research reports. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup increased their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Finally, Craig Hallum increased their price target on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.75.

Insider Buying and Selling

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 owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

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.