Teacher Retirement System of Texas Buys Shares of 8,041 Five Below, Inc. (NASDAQ:FIVE)

Teacher Retirement System of Texas purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,041 shares of the specialty retailer's stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after buying an additional 43,537 shares during the last quarter. Wasatch Advisors LP increased its position in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock worth $254,012,000 after purchasing an additional 86,271 shares in the last quarter. Marshall Wace LLP increased its position in Five Below by 86.0% during the 4th 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. Steadfast Capital Management LP purchased a new stake in Five Below during the 4th quarter worth about $123,601,000. Finally, Giverny Capital Inc. increased its position in Five Below by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after purchasing an additional 6,861 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on FIVE shares. The Goldman Sachs Group lifted their price objective on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Mizuho lifted 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. Citigroup lifted their price objective on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Truist Financial lifted their price objective on Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of "Hold" and an average price target of $113.30.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $0.87 during trading on Friday, reaching $138.80. 216,489 shares of the stock were exchanged, compared to its average volume of 2,087,888. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $141.42. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 29.17 and a beta of 1.04. The firm's 50-day moving average price is $121.41 and its 200 day moving average price is $96.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The business had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In related news, insider George Hill sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the transaction, the insider directly owned 44,130 shares of the company's stock, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,700 shares of company stock valued at $1,530,209. Corporate insiders own 1.90% of the company's stock.

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.