NewEdge Wealth LLC Invests $531,000 in Five Below, Inc. (NASDAQ:FIVE)

NewEdge Wealth LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,493 shares of the specialty retailer’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Giverny Capital Inc. lifted its position in shares of Five Below by 1.7% during the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock valued at $103,711,000 after buying an additional 10,845 shares during the last quarter. Trust Point Inc. bought a new position in shares of Five Below during the 4th quarter worth approximately $2,129,000. DekaBank Deutsche Girozentrale bought a new position in shares of Five Below during the 4th quarter worth approximately $3,222,000. Invesco Ltd. lifted its position in Five Below by 119.1% during the third quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock valued at $47,317,000 after acquiring an additional 159,844 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Five Below by 10.6% in the third quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock valued at $67,514,000 after acquiring an additional 40,363 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on FIVE. Barclays decreased their price objective on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Telsey Advisory Group decreased their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, Craig Hallum dropped their target price on shares of Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.83.

Five Below Trading Down 2.3 %

Five Below stock opened at $149.30 on Wednesday. The stock’s 50 day simple moving average is $186.30 and its two-hundred day simple moving average is $186.14. Five Below, Inc. has a 12 month low of $144.57 and a 12 month high of $216.18. The firm has a market cap of $8.25 billion, a PE ratio of 27.55, a P/E/G ratio of 1.26 and a beta of 1.19.

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

Insider Buying and Selling

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

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.