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

International Assets Investment Management LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,479 shares of the specialty retailer’s stock, valued at approximately $3,726,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in shares of Five Below by 4,793.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,083 shares of the specialty retailer’s stock worth $657,000 after buying an additional 3,020 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Five Below during the fourth quarter worth approximately $3,222,000. Trust Point Inc. bought a new stake in shares of Five Below during the fourth quarter worth approximately $2,129,000. Gradient Investments LLC raised its stake in shares of Five Below by 1.8% during the fourth quarter. Gradient Investments LLC now owns 21,474 shares of the specialty retailer’s stock worth $4,577,000 after buying an additional 386 shares during the last quarter. Finally, Alterity Financial Group LLC bought a new stake in shares of Five Below during the fourth quarter worth approximately $238,000.

Five Below Stock Up 1.0 %

Shares of FIVE stock opened at $143.48 on Friday. The company’s fifty day simple moving average is $171.32 and its 200-day simple moving average is $183.57. The firm has a market cap of $7.93 billion, a PE ratio of 26.47, a P/E/G ratio of 1.16 and a beta of 1.21. Five Below, Inc. has a 12 month low of $140.19 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.07 EPS. On average, equities analysts predict that Five Below, Inc. will post 6.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FIVE shares. Gordon Haskett downgraded shares of 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. Craig Hallum decreased their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, March 21st. Morgan Stanley decreased their price objective 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. Evercore ISI decreased their price objective on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, UBS Group decreased their price objective on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.33.

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.