Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,799,561 shares of the specialty retailer’s stock after purchasing an additional 38,419 shares during the quarter. Price T Rowe Associates Inc. MD owned 6.88% of Five Below worth $689,165,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter worth $26,000. Rise Advisors LLC purchased a new position in Five Below during the first quarter worth $28,000. Planned Solutions Inc. purchased a new position in Five Below during the fourth quarter worth $34,000. CVA Family Office LLC purchased a new position in Five Below during the fourth quarter worth $36,000. Finally, Quest Partners LLC purchased a new position in Five Below during the fourth quarter worth $37,000.

Five Below Price Performance

Shares of NASDAQ:FIVE traded down $0.25 on Monday, reaching $71.72. 327,222 shares of the company traded hands, compared to its average volume of 1,272,686. The company’s 50 day moving average is $110.78 and its 200-day moving average is $153.09. The stock has a market capitalization of $3.95 billion, a PE ratio of 13.53, a P/E/G ratio of 0.90 and a beta of 1.19. Five Below, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. As a group, analysts expect that Five Below, Inc. will post 4.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on FIVE. Telsey Advisory Group lowered their price objective on Five Below from $155.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their price objective on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Evercore ISI downgraded Five Below from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $160.00 to $113.00 in a research report on Wednesday, July 17th. Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, UBS Group reduced their price objective on Five Below from $223.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.89.

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.