Point72 Asset Management L.P. increased its position in shares of Five Below Inc (NASDAQ:FIVE) by 335.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,000 shares of the specialty retailer’s stock after buying an additional 64,700 shares during the period. Point72 Asset Management L.P.’s holdings in Five Below were worth $8,208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FIVE. Amalgamated Bank boosted its position in Five Below by 14.5% during the second quarter. Amalgamated Bank now owns 8,911 shares of the specialty retailer’s stock valued at $871,000 after purchasing an additional 1,127 shares in the last quarter. American International Group Inc. boosted its position in Five Below by 324.0% during the second quarter. American International Group Inc. now owns 146,505 shares of the specialty retailer’s stock valued at $14,315,000 after purchasing an additional 111,954 shares in the last quarter. New Mexico Educational Retirement Board bought a new stake in Five Below during the second quarter valued at about $1,270,000. Wells Fargo & Company MN boosted its position in Five Below by 25.9% during the second quarter. Wells Fargo & Company MN now owns 812,560 shares of the specialty retailer’s stock valued at $79,395,000 after purchasing an additional 167,185 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in Five Below by 37.3% during the second quarter. LS Investment Advisors LLC now owns 5,734 shares of the specialty retailer’s stock valued at $560,000 after purchasing an additional 1,558 shares in the last quarter.

Shares of NASDAQ FIVE opened at $130.27 on Monday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 72.78, a price-to-earnings-growth ratio of 1.73 and a beta of 0.52. Five Below Inc has a fifty-two week low of $48.73 and a fifty-two week high of $136.13.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $347.73 million during the quarter, compared to the consensus estimate of $334.82 million. Five Below had a return on equity of 25.97% and a net margin of 8.83%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. sell-side analysts forecast that Five Below Inc will post 2.53 EPS for the current year.

FIVE has been the topic of a number of recent research reports. Buckingham Research raised their price objective on Five Below from $78.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on Five Below from $88.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, June 7th. Morgan Stanley raised their price objective on Five Below from $71.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, June 8th. Finally, Dougherty & Co downgraded Five Below from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Five Below presently has an average rating of “Buy” and a consensus target price of $115.00.

In other Five Below news, CFO Kenneth R. Bull sold 19,204 shares of the firm’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $99.00, for a total value of $1,901,196.00. Following the completion of the sale, the chief financial officer now owns 72,990 shares of the company’s stock, valued at $7,226,010. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Kaufman sold 3,995 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total value of $532,054.10. Following the completion of the sale, the director now directly owns 5,047 shares of the company’s stock, valued at approximately $672,159.46. The disclosure for this sale can be found here. In the last three months, insiders sold 145,801 shares of company stock valued at $15,063,111. Corporate insiders own 2.60% of the company’s stock.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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