South Dakota Investment Council Reduces Stake in Five Below, Inc. (NASDAQ:FIVE)

South Dakota Investment Council decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 49.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,231 shares of the specialty retailer's stock after selling 6,200 shares during the period. South Dakota Investment Council's holdings in Five Below were worth $467,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the transaction, the insider owned 25,890 shares of the company's stock, valued at $3,240,651.30. This represents a 6.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George Hill sold 4,500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider directly owned 44,130 shares in the company, valued at $5,866,200.90. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,200 shares of company stock valued at $1,740,209. 1.90% of the stock is owned by insiders.

Five Below Trading Down 1.6%

Shares of NASDAQ:FIVE traded down $2.29 during midday trading on Thursday, reaching $137.08. The company had a trading volume of 386,819 shares, compared to its average volume of 2,065,649. The company's 50 day moving average price is $123.99 and its 200 day moving average price is $96.87. The stock has a market cap of $7.55 billion, a P/E ratio of 28.74 and a beta of 1.04. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $142.13.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping 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 net margin of 6.52% and a return on equity of 17.00%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FIVE shares. Wells Fargo & Company upped their price target on Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Telsey Advisory Group upped their price target on Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. Citigroup boosted their price objective on Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Bank of America boosted their price objective on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research report on Thursday, June 5th. Finally, UBS Group boosted their price objective on Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $119.00.

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.