VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 2,350 Shares of Five Below, Inc. $FIVE

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 13.6% in the 4th quarter, Holdings Channel reports. The firm owned 19,594 shares of the specialty retailer’s stock after buying an additional 2,350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Five Below were worth $3,691,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIVE. Eastern Bank lifted its stake in shares of Five Below by 705.0% in the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 141 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Five Below in the 3rd quarter valued at $32,000. V Square Quantitative Management LLC bought a new position in shares of Five Below in the 4th quarter valued at $35,000. CI Investments Inc. lifted its stake in shares of Five Below by 44.3% in the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 74 shares during the last quarter. Finally, Spire Wealth Management bought a new position in shares of Five Below in the 4th quarter valued at $38,000.

Insider Transactions at Five Below

In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the sale, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Sargent sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the transaction, the director directly owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Craig Hallum reiterated a “buy” rating and issued a $246.00 price target on shares of Five Below in a research note on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Wall Street Zen downgraded Five Below from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Bank of America increased their price objective on Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, BNP Paribas Exane increased their price objective on Five Below from $189.00 to $262.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.10.

Five Below Trading Up 2.4%

Shares of Five Below stock opened at $214.94 on Friday. The business has a 50-day moving average price of $225.48 and a two-hundred day moving average price of $198.63. Five Below, Inc. has a 1-year low of $102.25 and a 1-year high of $251.63. The company has a market cap of $11.88 billion, a P/E ratio of 33.27, a PEG ratio of 1.58 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $3.48 EPS. The business’s revenue was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.