Arizona State Retirement System Sells 157 Shares of Five Below, Inc. (NASDAQ:FIVE)

Arizona State Retirement System decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,780 shares of the specialty retailer’s stock after selling 157 shares during the quarter. Arizona State Retirement System’s holdings in Five Below were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC bought a new position in Five Below in the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC grew its stake 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 acquiring an additional 253 shares in the last quarter. Bessemer Group Inc. increased its holdings in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 353 shares during the period. UMB Bank n.a. lifted its stake in 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 purchasing an additional 206 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Five Below in the 4th quarter valued at $99,000.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $139.97 on Friday. Five Below, Inc. has a one year low of $52.38 and a one year high of $141.42. The firm has a market cap of $7.71 billion, a PE ratio of 29.34 and a beta of 1.04. The firm’s 50 day simple moving average is $122.50 and its 200-day simple moving average is $96.29.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Evercore ISI boosted their price objective on shares of Five Below from $115.00 to $120.00 and gave the company an “in-line” rating in a research report on Tuesday, June 24th. UBS Group increased their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. JPMorgan Chase & Co. boosted their price target on Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Telsey Advisory Group lifted their price objective on Five Below from $90.00 to $128.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $115.11.

Insider Buying and Selling

In related news, insider Amit Jhunjhunwala sold 1,700 shares of the company’s stock in a transaction that occurred on 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 approximately $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares of the company’s stock, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,700 shares of company stock worth $1,530,209. 1.90% of the stock is owned by corporate insiders.

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.