Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,407 shares of the specialty retailer's stock after selling 1,794 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Five Below were worth $1,904,000 as of its most recent SEC filing.

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

Five Below Stock Down 1.7%

Five Below stock traded down $2.33 during trading on Thursday, reaching $137.04. The stock had a trading volume of 810,694 shares, compared to its average volume of 1,215,177. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $142.13. The stock has a market cap of $7.55 billion, a PE ratio of 28.73 and a beta of 1.04. The business has a 50 day moving average price of $124.69 and a 200 day moving average price of $97.16.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. Five Below's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. On average, equities analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the sale, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 25,890 shares of the company's stock, valued at approximately $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. Insiders sold 13,200 shares of company stock valued at $1,740,209 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FIVE shares. Citigroup increased their price objective on Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. DA Davidson decreased their price target on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley upped their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. The Goldman Sachs Group increased their price objective on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, 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 report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $119.00.

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.