Five Below, Inc. (NASDAQ:FIVE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,196 shares of the specialty retailer’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund owned 0.05% of Five Below worth $2,959,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIVE. Brooklyn Investment Group purchased a new stake in Five Below in the 3rd quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the third quarter worth $42,000. R Squared Ltd acquired a new stake in Five Below during the fourth quarter valued at $68,000. Finally, GAMMA Investing LLC increased its holdings in Five Below by 149.1% in the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 814 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial increased their target price on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Barclays lifted their price target on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Mizuho increased their price objective on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.32.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Down 0.6 %

Shares of Five Below stock opened at $86.89 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12. The stock’s fifty day moving average is $95.59 and its 200-day moving average is $92.64.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Five Below, Inc. will post 4.93 EPS 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.