Five Below, Inc. (NASDAQ:FIVE) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,304 shares of the specialty retailer’s stock after buying an additional 200 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Five Below worth $8,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FIVE. V Square Quantitative Management LLC purchased a new position in Five Below in the fourth quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Five Below in the first quarter valued at about $28,000. Planned Solutions Inc. purchased a new position in Five Below in the fourth quarter valued at about $34,000. CVA Family Office LLC purchased a new position in Five Below in the fourth quarter valued at about $36,000. Finally, Quest Partners LLC purchased a new position in Five Below in the fourth quarter valued at about $37,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIVE. Barclays reduced their price target on Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Evercore ISI reduced their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company reduced their price target on Five Below from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and reduced their price target for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Finally, UBS Group reduced their price target on Five Below from $245.00 to $223.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.50.

Five Below Stock Performance

Shares of FIVE stock traded up $3.29 during trading hours on Thursday, hitting $104.23. The company had a trading volume of 1,209,653 shares, compared to its average volume of 1,079,850. Five Below, Inc. has a 12 month low of $100.76 and a 12 month high of $216.18. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.20 and a beta of 1.19. The firm’s fifty day moving average is $123.93 and its 200 day moving average is $163.20.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that Five Below, Inc. will post 5.2 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.