Comerica Bank Has $3.45 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Comerica Bank boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 49.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,882 shares of the specialty retailer's stock after purchasing an additional 10,896 shares during the quarter. Comerica Bank owned approximately 0.06% of Five Below worth $3,451,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. increased its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the third quarter valued at approximately $42,000. Coppell Advisory Solutions LLC boosted its position in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after buying an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares in the last quarter.

Five Below Stock Performance

Shares of FIVE stock traded down $0.75 during trading hours on Friday, hitting $85.25. The company had a trading volume of 1,553,685 shares, compared to its average volume of 2,036,578. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $145.00. The firm's fifty day moving average is $73.04 and its 200 day moving average is $87.55. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $3.65 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on FIVE shares. Bank of America decreased their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Five Below in a report on Thursday, March 20th. Loop Capital upped their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research note on Monday, May 5th. DA Davidson lowered their target price on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and a consensus target price of $97.25.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business's 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 sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

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.