Canada Pension Plan Investment Board Purchases 96,500 Shares of Five Below, Inc. (NASDAQ:FIVE)

Canada Pension Plan Investment Board lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 226.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,100 shares of the specialty retailer's stock after purchasing an additional 96,500 shares during the period. Canada Pension Plan Investment Board owned 0.25% of Five Below worth $14,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Farringdon Capital Ltd. acquired a new stake in Five Below in the 4th quarter worth about $278,000. Marshall Wace LLP grew its position in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after buying an additional 1,072,642 shares in the last quarter. Wasatch Advisors LP raised its holdings in Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock valued at $254,012,000 after acquiring an additional 86,271 shares in the last quarter. NFJ Investment Group LLC bought a new stake in shares of Five Below during the 4th quarter valued at $5,647,000. Finally, Giverny Capital Inc. grew its holdings in shares of Five Below by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after purchasing an additional 6,861 shares in the last quarter.

Insider Transactions at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FIVE shares. StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their price target on Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Mizuho reduced their price objective on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Guggenheim lowered their target price on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $94.30.

Five Below Price Performance

Shares of NASDAQ:FIVE traded down $0.68 during mid-day trading on Friday, hitting $75.39. The company had a trading volume of 1,503,681 shares, compared to its average volume of 1,979,372. Five Below, Inc. has a one year low of $52.38 and a one year high of $151.95. The firm has a fifty day moving average price of $74.41 and a 200 day moving average price of $88.39. The company has a market capitalization of $4.15 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $3.65 EPS. The business's revenue was up 4.0% on a year-over-year basis. Research analysts expect that Five Below, Inc. will post 4.93 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.