Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 11.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 184,282 shares of the specialty retailer’s stock after selling 24,428 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of Five Below worth $20,081,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the fourth quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter worth $28,000. Quest Partners LLC acquired a new stake in shares of Five Below in the fourth quarter worth $37,000. Parallel Advisors LLC boosted its position in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the period. Finally, McClarren Financial Advisors Inc. boosted its position in shares of Five Below by 18,100.0% in the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after buying an additional 181 shares during the period.

Five Below Stock Up 1.1 %

Shares of FIVE opened at $76.28 on Wednesday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.15 and a beta of 1.19. The stock’s 50-day moving average price is $83.52 and its 200 day moving average price is $131.63.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Five Below, Inc. will post 4.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FIVE. JPMorgan Chase & Co. raised their target price on Five Below from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. KeyCorp decreased their target price on Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Bank of America lifted their price objective on Five Below from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Craig Hallum raised Five Below from a “hold” rating to a “buy” rating and reduced their price objective for the company from $108.00 to $102.00 in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $79.00 price objective (down previously from $155.00) on shares of Five Below in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.63.

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.