Geode Capital Management LLC Purchases 1,157 Shares of Five Below, Inc. (NASDAQ:FIVE)

Geode Capital Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 980,646 shares of the specialty retailer’s stock after purchasing an additional 1,157 shares during the quarter. Geode Capital Management LLC’s holdings in Five Below were worth $102,960,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Five Below in the fourth quarter worth $8,489,000. National Bank of Canada FI grew its position in Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after acquiring an additional 47,940 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after acquiring an additional 9,336 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Five Below in the third quarter worth $465,000. Finally, Retirement Systems of Alabama grew its position in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock worth $13,371,000 after acquiring an additional 48,524 shares in the last quarter.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. Evercore ISI cut their target price on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Barclays cut their price target on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Mizuho cut their price target on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $97.95.

Five Below Price Performance

FIVE stock opened at $62.66 on Thursday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $163.32. The company has a market cap of $3.45 billion, a P/E ratio of 12.92, a PEG ratio of 1.19 and a beta of 1.01. The firm has a 50-day moving average of $80.09 and a 200 day moving average of $90.36.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $3.65 earnings per share. Five Below’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below 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.