Gateway Investment Advisers LLC Has $240,000 Holdings in Five Below, Inc. (NASDAQ:FIVE)

Gateway Investment Advisers LLC reduced its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 87.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,208 shares of the specialty retailer's stock after selling 22,089 shares during the period. Gateway Investment Advisers LLC's holdings in Five Below were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Chemistry Wealth Management LLC boosted its holdings in Five Below by 26.1% during the 1st quarter. Chemistry Wealth Management LLC now owns 5,672 shares of the specialty retailer's stock valued at $425,000 after acquiring an additional 1,174 shares during the period. Merit Financial Group LLC bought a new stake in shares of Five Below in the 1st quarter valued at about $514,000. Rhumbline Advisers lifted its holdings in shares of Five Below by 0.5% during the 1st quarter. Rhumbline Advisers now owns 158,663 shares of the specialty retailer's stock valued at $11,888,000 after purchasing an additional 864 shares during the last quarter. Somerset Trust Co raised its stake in Five Below by 36.1% in the first quarter. Somerset Trust Co now owns 3,541 shares of the specialty retailer's stock valued at $265,000 after buying an additional 939 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Five Below by 7,331.9% during the first quarter. GAMMA Investing LLC now owns 101,074 shares of the specialty retailer's stock worth $7,573,000 after buying an additional 99,714 shares during the period.

Five Below Stock Down 0.2%

FIVE traded down $0.23 on Thursday, reaching $124.80. 466,102 shares of the company traded hands, compared to its average volume of 2,072,544. Five Below, Inc. has a one year low of $52.38 and a one year high of $137.30. The company has a market cap of $6.87 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. The firm has a fifty day simple moving average of $90.89 and a two-hundred day simple moving average of $91.67.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, equities analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research report on Thursday, June 5th. Evercore ISI upped their price objective on shares of Five Below from $98.00 to $115.00 and gave the company an "in-line" rating in a research note on Thursday, June 5th. DA Davidson lowered their price objective on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group lifted their price objective on Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Finally, Wall Street Zen raised Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $112.40.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider George Hill sold 4,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 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 disclosure for this sale can be found here. 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.