Teacher Retirement System of Texas Acquires Shares of 8,041 Five Below, Inc. (NASDAQ:FIVE)

Teacher Retirement System of Texas bought a new position in Five Below, Inc. (NASDAQ:FIVE) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 8,041 shares of the specialty retailer’s stock, valued at approximately $602,000.

Other large investors have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in shares of Five Below during the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC lifted its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 253 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 353 shares in the last quarter. UMB Bank n.a. grew its position in shares of Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after buying an additional 206 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 558 shares in the last quarter.

Insider Transactions at Five Below

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the transaction, the insider owned 44,130 shares in the company, valued at $5,866,200.90. The trade was a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $1,530,209 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. DA Davidson dropped their target price on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group raised their price target on Five Below from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. upped their price target on shares of Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Telsey Advisory Group upped their target price on shares of Five Below from $90.00 to $128.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $113.30.

Five Below Stock Performance

FIVE opened at $132.09 on Wednesday. The business’s 50-day simple moving average is $119.25 and its 200-day simple moving average is $95.58. The stock has a market capitalization of $7.27 billion, a P/E ratio of 27.69 and a beta of 1.04. Five Below, Inc. has a one year low of $52.38 and a one year high of $137.30.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The company had revenue of $970.53 million during the quarter, compared to analysts’ expectations of $966.29 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

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.