Charles Schwab Investment Management Inc. Buys 8,743 Shares of Five Below, Inc. $FIVE

Charles Schwab Investment Management Inc. lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 690,615 shares of the specialty retailer’s stock after purchasing an additional 8,743 shares during the period. Charles Schwab Investment Management Inc. owned 1.25% of Five Below worth $90,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIVE. IFP Advisors Inc raised its stake in Five Below by 653.8% in the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 417 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Five Below by 333.0% during the second quarter. Allworth Financial LP now owns 420 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 323 shares in the last quarter. True Wealth Design LLC increased its position in Five Below by 1,940.9% in the 2nd quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 427 shares during the period. Finally, Concord Wealth Partners bought a new position in Five Below during the 2nd quarter worth $66,000.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price target on Five Below from $143.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Five Below in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on Five Below in a report on Thursday, September 18th. They set an “outperform” rating and a $187.00 price objective on the stock. Zacks Research upgraded Five Below from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein started coverage on shares of Five Below in a research report on Wednesday, September 17th. They set a “market perform” rating and a $160.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average price target of $156.06.

Five Below Price Performance

FIVE stock opened at $166.00 on Friday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $168.98. The company has a market cap of $9.15 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The stock’s fifty day moving average price is $154.28 and its 200-day moving average price is $139.80.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.20. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share 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.