Ensign Peak Advisors Inc Increases Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Ensign Peak Advisors Inc increased its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 47.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 379,177 shares of the specialty retailer's stock after buying an additional 121,808 shares during the quarter. Ensign Peak Advisors Inc owned about 0.69% of Five Below worth $39,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIVE. Gradient Investments LLC raised its holdings in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after purchasing an additional 111 shares during the period. Bank of Montreal Can lifted its position in Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after buying an additional 123 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after buying an additional 150 shares during the period. Sterling Capital Management LLC increased its position in shares of Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC raised its stake in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after acquiring an additional 162 shares during the period.

Insider Buying and Selling

In other news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction dated Monday, March 24th. The shares were 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. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Five Below Price Performance

FIVE stock opened at $85.25 on Friday. The firm has a fifty day moving average price of $73.04 and a two-hundred day moving average price of $87.54. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $145.00. The firm has a market cap 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 released 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. Five Below's quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FIVE shares. The Goldman Sachs Group decreased their price target on shares of Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Barclays lowered their target price on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Loop Capital boosted their price target on Five Below from $85.00 to $90.00 and gave the stock a "hold" rating in a research report on Monday, May 5th. DA Davidson lowered their price objective on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.25.

Five Below 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.

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