Wealth Enhancement Advisory Services LLC Has $756,000 Holdings in Five Below, Inc. (NASDAQ:FIVE)

Wealth Enhancement Advisory Services LLC raised its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 70.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,201 shares of the specialty retailer's stock after buying an additional 2,965 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Five Below were worth $756,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Steadfast Capital Management LP acquired a new position in Five Below during the 4th quarter worth approximately $123,601,000. Marshall Wace LLP increased its stake in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after purchasing an additional 1,072,642 shares in the last quarter. Norges Bank purchased a new position in Five Below during the fourth quarter valued at approximately $66,933,000. Alliancebernstein L.P. lifted its holdings in shares of Five Below by 487.0% during the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock worth $59,480,000 after acquiring an additional 470,150 shares during the last quarter. Finally, Man Group plc lifted its holdings in shares of Five Below by 399.5% in the 4th quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after acquiring an additional 450,215 shares during the last quarter.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm's 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 sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the transaction, the insider now directly owns 44,130 shares in the company, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Five Below Stock Down 3.3%

Five Below stock traded down $4.16 during trading hours on Friday, hitting $121.82. The stock had a trading volume of 1,341,994 shares, compared to its average volume of 2,075,108. The stock's 50-day moving average price is $93.51 and its 200-day moving average price is $92.13. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $137.30. The stock has a market capitalization of $6.71 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its 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 firm had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FIVE shares. Bank of America increased their price objective on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research report on Thursday, June 5th. The Goldman Sachs Group lifted their target price on Five Below from $107.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price 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. Evercore ISI upped their target price on Five Below from $98.00 to $115.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Finally, Mizuho upped their price objective on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $112.40.

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.