Raymond James Financial Services Advisors Inc. Increases Stake in Five Below, Inc. (NASDAQ:FIVE)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,648 shares of the specialty retailer’s stock after buying an additional 1,435 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Five Below were worth $778,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIVE. Price T Rowe Associates Inc. MD increased its stake in Five Below by 2,513.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock worth $801,779,000 after buying an additional 3,743,768 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $99,794,000. William Blair Investment Management LLC increased its position in shares of Five Below by 89.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after purchasing an additional 487,948 shares during the last quarter. Wasatch Advisors Inc. increased its position in shares of Five Below by 21.4% in the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after purchasing an additional 471,349 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Five Below by 34.6% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after purchasing an additional 395,275 shares during the last quarter.

Insider Transactions at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 333,697 shares in the company, valued at approximately $62,007,576.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 21st. Barclays dropped their price objective on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Mizuho assumed coverage on shares of Five Below in a research report on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price objective on the stock. Oppenheimer downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $235.00 to $200.00 in a research report on Tuesday, January 30th. Finally, Evercore ISI dropped their target price on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.83.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $149.30 on Wednesday. The stock has a market cap of $8.25 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.26 and a beta of 1.19. The firm has a fifty day moving average price of $186.30 and a 200 day moving average price of $186.14. Five Below, Inc. has a 1-year low of $144.57 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results 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). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.07 EPS. Sell-side analysts expect that Five Below, Inc. will post 6.06 EPS for the current fiscal year.

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.