Nuveen Asset Management LLC Has $12.70 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Nuveen Asset Management LLC raised its holdings in Five Below, Inc. (NASDAQ:FIVE) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,983 shares of the specialty retailer’s stock after purchasing an additional 5,207 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of Five Below worth $12,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in shares of Five Below in the fourth quarter worth $31,000. Coppell Advisory Solutions LLC raised its holdings in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 558 shares in the last quarter. R Squared Ltd acquired a new position in Five Below during the fourth quarter worth about $68,000. Finally, Lazard Asset Management LLC acquired a new position in Five Below during the fourth quarter worth about $99,000.

Five Below Price Performance

FIVE stock opened at $107.27 on Tuesday. The company’s 50-day moving average is $79.57 and its 200-day moving average is $88.74. The stock has a market capitalization of $5.91 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $141.70.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.65 earnings per share. On average, analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIVE. Bank of America cut their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Loop Capital lifted their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Telsey Advisory Group raised their target price on Five Below from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Friday, May 2nd. Finally, Barclays lowered their price objective on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.50.

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.