Miles Capital Inc. bought a new position in shares of Five Below Inc (NASDAQ:FIVE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,902 shares of the specialty retailer’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIVE. BlackRock Inc. increased its position in Five Below by 1.8% during the fourth quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock worth $684,706,000 after acquiring an additional 116,413 shares during the period. Vanguard Group Inc grew its position in Five Below by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock valued at $666,374,000 after acquiring an additional 261,259 shares during the last quarter. Congress Asset Management Co. MA grew its position in Five Below by 633.8% in the 4th quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock valued at $87,622,000 after acquiring an additional 739,646 shares during the last quarter. Macquarie Group Ltd. grew its position in Five Below by 47.6% in the 4th quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock valued at $79,855,000 after acquiring an additional 251,655 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in Five Below by 16.1% in the 4th quarter. 1832 Asset Management L.P. now owns 737,100 shares of the specialty retailer’s stock valued at $73,594,000 after acquiring an additional 102,300 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Shares of FIVE stock traded down $0.87 during trading hours on Thursday, hitting $131.31. 5,303 shares of the company were exchanged, compared to its average volume of 937,928. Five Below Inc has a one year low of $69.96 and a one year high of $148.21. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 51.43, a PEG ratio of 1.49 and a beta of 0.67.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The business had revenue of $602.68 million for the quarter, compared to analysts’ expectations of $601.53 million. During the same quarter last year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that Five Below Inc will post 3.06 earnings per share for the current fiscal year.

In other news, CAO Eric M. Specter sold 15,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.60, for a total transaction of $2,004,000.00. Following the transaction, the chief accounting officer now owns 35,108 shares of the company’s stock, valued at $4,690,428.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joel D. Anderson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the completion of the transaction, the chief executive officer now directly owns 192,174 shares in the company, valued at approximately $25,186,324.44. The disclosure for this sale can be found here. Insiders have sold 55,381 shares of company stock worth $7,344,004 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

FIVE has been the subject of a number of research analyst reports. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. JPMorgan Chase & Co. downgraded Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 target price for the company. in a research note on Friday, February 22nd. Zacks Investment Research downgraded Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Oppenheimer initiated coverage on Five Below in a research note on Wednesday, March 6th. They set an “outperform” rating and a $140.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Five Below has an average rating of “Buy” and a consensus target price of $129.10.

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Five Below Profile

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 nail polishes, lip glosses, fragrances, 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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