Cornerstone Investment Partners LLC Grows Position in Five Below, Inc. (NASDAQ:FIVE)

Cornerstone Investment Partners LLC increased its position in Five Below, Inc. (NASDAQ:FIVE) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,732 shares of the specialty retailer’s stock after purchasing an additional 162 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Five Below were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after purchasing an additional 180,902 shares during the period. National Bank of Canada FI raised its stake in Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Five Below during the third quarter valued at $3,282,000. Algert Global LLC raised its stake in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after buying an additional 20,266 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after buying an additional 9,188 shares during the last quarter.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIVE shares. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research note on Tuesday, January 14th. Barclays lifted their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Mizuho lifted their price objective on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus price target of $111.32.

Five Below Price Performance

Shares of FIVE opened at $84.22 on Tuesday. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The firm has a market capitalization of $4.63 billion, a P/E ratio of 17.36, a PEG ratio of 1.19 and a beta of 1.12. The business has a fifty day moving average of $95.12 and a 200 day moving average of $92.88.

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