California Public Employees Retirement System Decreases Stake in Five Below, Inc. (NASDAQ:FIVE)

California Public Employees Retirement System reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 98,557 shares of the specialty retailer’s stock after selling 2,210 shares during the quarter. California Public Employees Retirement System’s holdings in Five Below were worth $21,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. William Blair Investment Management LLC increased its position in Five Below by 89.1% during the third quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock worth $166,627,000 after purchasing an additional 487,948 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in Five Below by 34.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after purchasing an additional 395,275 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Five Below during the third quarter worth about $29,181,000. Invesco Ltd. increased 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 worth $47,317,000 after purchasing an additional 159,844 shares during the last quarter. Finally, Advent International L.P. increased its position in Five Below by 68.9% during the third quarter. Advent International L.P. now owns 343,306 shares of the specialty retailer’s stock worth $55,238,000 after purchasing an additional 140,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Craig Hallum dropped their price target on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Gordon Haskett cut shares of Five Below from a “buy” rating to an “accumulate” rating and dropped their price target for the company from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Telsey Advisory Group dropped their price target on shares of Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Finally, Truist Financial dropped their price target on shares of Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.33.

Five Below Stock Down 0.5 %

Shares of Five Below stock opened at $150.08 on Monday. Five Below, Inc. has a 52-week low of $144.57 and a 52-week high of $216.18. The company has a 50 day moving average of $180.37 and a 200 day moving average of $185.47. The company has a market capitalization of $8.29 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.20 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations 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 was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.07 EPS. As a group, research analysts anticipate that Five Below, Inc. will post 6.05 earnings per share for the current fiscal year.

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.