Five Below, Inc. (NASDAQ:FIVE) Position Boosted by Cwm LLC

CWM LLC boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 371.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,168 shares of the specialty retailer's stock after purchasing an additional 18,257 shares during the period. CWM LLC's holdings in Five Below were worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after acquiring an additional 123 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Five Below by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock valued at $2,509,000 after buying an additional 150 shares in the last quarter. Sterling Capital Management LLC boosted its position in Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after buying an additional 158 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Five Below by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after buying an additional 165 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Five Below by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer's stock valued at $270,000 after buying an additional 173 shares in the last quarter.

Five Below Stock Performance

FIVE stock traded down $0.63 during midday trading on Tuesday, reaching $139.29. The company's stock had a trading volume of 567,680 shares, compared to its average volume of 2,080,441. The stock has a fifty day simple moving average of $122.50 and a two-hundred day simple moving average of $96.27. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $142.13. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 29.20 and a beta of 1.04.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on FIVE. Evercore ISI upped their target price on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group increased their price target on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. UBS Group raised their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Telsey Advisory Group raised their target price on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Five Below has an average rating of "Hold" and a consensus price target of $119.00.

Insider Activity

In related news, insider George Hill sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider directly owned 44,130 shares in the company, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock valued at $1,740,209 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

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.