Handelsbanken Fonder AB Acquires 500 Shares of Five Below, Inc. (NASDAQ:FIVE)

Handelsbanken Fonder AB boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,209 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Five Below were worth $2,176,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its stake in shares of Five Below by 4.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock valued at $281,000 after purchasing an additional 59 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Five Below by 2.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 3,103 shares of the specialty retailer’s stock valued at $499,000 after acquiring an additional 67 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Five Below by 2.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,270 shares of the specialty retailer’s stock valued at $526,000 after acquiring an additional 71 shares in the last quarter. Wealth Alliance boosted its position in Five Below by 3.7% during the 4th quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock valued at $446,000 after acquiring an additional 75 shares in the last quarter. Finally, Lmcg Investments LLC boosted its position in Five Below by 2.3% during the 3rd quarter. Lmcg Investments LLC now owns 4,297 shares of the specialty retailer’s stock valued at $691,000 after acquiring an additional 95 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial cut their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Morgan Stanley cut their price objective on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Mizuho assumed coverage on Five Below in a research report on Tuesday, March 19th. They set a “buy” rating and a $225.00 price objective on the stock. Craig Hallum cut their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. Finally, UBS Group dropped their price target on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Stock Down 0.5 %

Shares of NASDAQ FIVE opened at $150.08 on Friday. Five Below, Inc. has a twelve month low of $144.57 and a twelve month high of $216.18. The firm has a market cap of $8.29 billion, a P/E ratio of 27.69, a PEG ratio of 1.19 and a beta of 1.19. The company has a 50 day moving average of $181.17 and a 200 day moving average of $185.29.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm earned $3.07 earnings per share. Five Below’s revenue was up 19.1% on a year-over-year basis. As a group, equities analysts expect that Five Below, Inc. will post 6.05 earnings per share for the current fiscal year.

Five Below Company 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.