Sequoia Financial Advisors LLC Purchases Shares of 3,143 Five Below, Inc. (NASDAQ:FIVE)

Sequoia Financial Advisors LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, HoldingsChannel reports. The fund acquired 3,143 shares of the specialty retailer’s stock, valued at approximately $670,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Five Below by 1.0% during the first quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock worth $1,005,079,000 after purchasing an additional 46,515 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Five Below by 2,513.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after buying an additional 3,743,768 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock valued at $482,922,000 after buying an additional 259,012 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of Five Below by 34.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after acquiring an additional 395,275 shares during the last quarter.

Insider Transactions at Five Below

In related news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the transaction, the director now directly owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $152.81 on Tuesday. The business has a fifty day moving average price of $186.94 and a two-hundred day moving average price of $186.22. The stock has a market capitalization of $8.44 billion, a PE ratio of 28.19, a P/E/G ratio of 1.26 and a beta of 1.19. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $3.07 EPS. On average, equities analysts expect that Five Below, Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Morgan Stanley reduced their target price on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Barclays decreased their price target on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. UBS Group cut their price objective on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, Oppenheimer downgraded Five Below from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $235.00 to $200.00 in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.11.

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.