Russell Investments Group Ltd. Raises Stake in Five Below, Inc. (NASDAQ:FIVE)

Russell Investments Group Ltd. lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 34.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 66,821 shares of the specialty retailer’s stock after buying an additional 17,125 shares during the period. Russell Investments Group Ltd.’s holdings in Five Below were worth $14,244,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in shares of Five Below by 89.1% during the 3rd 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 period. Montrusco Bolton Investments Inc. boosted its stake in 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 worth $242,681,000 after buying an additional 395,275 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Five Below in the 3rd quarter valued at about $29,181,000. Invesco Ltd. increased its stake in shares of Five Below by 119.1% during the 3rd 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, Advent International L.P. lifted its holdings in shares of Five Below by 68.9% during the 3rd quarter. Advent International L.P. now owns 343,306 shares of the specialty retailer’s stock worth $55,238,000 after acquiring an additional 140,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lowered 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. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and cut their target price for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Telsey Advisory Group lowered their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Oppenheimer downgraded Five Below from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. Finally, Mizuho started coverage on Five Below in a report on Tuesday, March 19th. They set a “buy” rating and a $225.00 target price for the company. 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Stock Performance

Shares of FIVE opened at $144.81 on Friday. Five Below, Inc. has a one year low of $140.19 and a one year high of $216.18. The stock has a 50-day moving average price of $176.66 and a 200 day moving average price of $184.64. The company has a market capitalization of $8.00 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.14 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.07 earnings per share. As a group, equities research analysts forecast 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.