ING Groep NV Increases Position in Five Below, Inc. (NASDAQ:FIVE)

ING Groep NV lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 189.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 115,800 shares of the specialty retailer’s stock after acquiring an additional 75,800 shares during the quarter. ING Groep NV’s holdings in Five Below were worth $12,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Five Below in the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted 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 worth $35,000 after buying an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Five Below in the 3rd quarter worth approximately $42,000. R Squared Ltd purchased a new position in shares of Five Below in the 4th quarter worth approximately $68,000. Finally, GAMMA Investing LLC boosted its stake in shares of Five Below by 149.1% in the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after buying an additional 814 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on FIVE. Craig Hallum upped their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price objective on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.32.

Five Below Stock Performance

Five Below stock opened at $89.16 on Friday. The stock has a market cap of $4.90 billion, a P/E ratio of 18.38, a PEG ratio of 1.27 and a beta of 1.12. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The firm’s fifty day moving average price is $97.74 and its 200-day moving average price is $91.58.

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

Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction 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 owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

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.