Nuveen Asset Management LLC Has $12.70 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Nuveen Asset Management LLC grew its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,983 shares of the specialty retailer's stock after buying an additional 5,207 shares during the period. Nuveen Asset Management LLC owned 0.22% of Five Below worth $12,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Five Below in the fourth quarter valued at about $99,000. Interval Partners LP purchased a new stake in shares of Five Below in the fourth quarter valued at about $7,347,000. Invenomic Capital Management LP grew its holdings in shares of Five Below by 11.7% in the fourth quarter. Invenomic Capital Management LP now owns 222,401 shares of the specialty retailer's stock valued at $23,343,000 after purchasing an additional 23,281 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Five Below by 4.9% in the fourth quarter. Janus Henderson Group PLC now owns 32,880 shares of the specialty retailer's stock valued at $3,450,000 after purchasing an additional 1,541 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in shares of Five Below in the fourth quarter valued at about $2,071,000.

Five Below Stock Performance

Shares of FIVE stock traded down $0.97 during mid-day trading on Friday, reaching $115.70. 1,510,794 shares of the company were exchanged, compared to its average volume of 2,099,673. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $141.70. The company has a market capitalization of $6.37 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.19 and a beta of 0.87. The business's 50 day simple moving average is $82.65 and its 200 day simple moving average is $89.59.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.65 earnings per share. On average, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on FIVE. Telsey Advisory Group increased their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Wall Street Zen raised shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. Citigroup increased their target price on shares of Five Below from $80.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday. Loop Capital increased their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below currently has a consensus rating of "Hold" and an average target price of $99.15.

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.