International Assets Investment Management LLC Takes $3.73 Million Position in Five Below, Inc. (NASDAQ:FIVE)

International Assets Investment Management LLC bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 17,479 shares of the specialty retailer’s stock, valued at approximately $3,726,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in shares of Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Planned Solutions Inc. bought a new position in Five Below during the fourth quarter worth $34,000. CVA Family Office LLC bought a new position in Five Below during the fourth quarter worth $36,000. Finally, Coppell Advisory Solutions LLC bought a new position in Five Below during the second quarter worth $40,000.

Insiders Place Their Bets

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the sale, the director now directly owns 333,697 shares in the company, valued at approximately $62,007,576.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Five Below from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 21st. Craig Hallum reduced their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday, March 21st. Mizuho initiated coverage on Five Below in a research note on Tuesday, March 19th. They issued a “buy” rating and a $225.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, Morgan Stanley cut their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $212.83.

Five Below Trading Up 1.9 %

Shares of FIVE opened at $152.10 on Thursday. The business’s 50-day moving average price is $185.68 and its 200 day moving average price is $185.90. The stock has a market capitalization of $8.40 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.22 and a beta of 1.19. 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). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $3.07 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts predict that Five Below, Inc. will post 6.06 earnings per share for the current year.

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.