Wealth Enhancement Advisory Services LLC Increases Position in Five Below, Inc. (NASDAQ:FIVE)

Wealth Enhancement Advisory Services LLC increased its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,201 shares of the specialty retailer's stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FIVE. Proficio Capital Partners LLC acquired a new position in shares of Five Below in the fourth quarter valued at about $31,000. Coppell Advisory Solutions LLC increased its holdings in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after buying an additional 558 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Five Below in the fourth quarter valued at approximately $99,000. Finally, Sterling Capital Management LLC grew its position in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after buying an additional 158 shares in the last quarter.

Insider Buying and Selling

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider George Hill sold 4,500 shares of the firm's 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 sale, the insider now directly owns 44,130 shares in the company, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Five Below Price Performance

Shares of FIVE traded down $4.16 during midday trading on Friday, hitting $121.82. The stock had a trading volume of 1,341,994 shares, compared to its average volume of 2,076,405. The stock's 50 day moving average is $93.51 and its 200 day moving average is $92.13. The firm has a market cap of $6.71 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $137.30.

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 the consensus estimate of $0.83 by $0.03. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIVE. Bank of America boosted their price target on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. DA Davidson dropped 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. Loop Capital increased their target price on shares of Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Wells Fargo & Company upped their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Finally, Wall Street Zen raised shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. One 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $112.40.

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.