First Trust Advisors LP Has $19.61 Million Stock Position in Five Below, Inc. (NASDAQ:FIVE)

First Trust Advisors LP boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 154.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 186,822 shares of the specialty retailer's stock after acquiring an additional 113,329 shares during the period. First Trust Advisors LP owned 0.34% of Five Below worth $19,609,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FIVE. Gradient Investments LLC increased its stake in Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock valued at $1,666,000 after purchasing an additional 111 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Five Below by 1.0% in the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after buying an additional 123 shares during the period. Treasurer of the State of North Carolina increased its holdings in Five Below by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after purchasing an additional 150 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of 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. Finally, Cornerstone Investment Partners LLC boosted its position in Five Below by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock worth $497,000 after acquiring an additional 162 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price target on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Telsey Advisory Group dropped their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a report on Tuesday, March 18th. DA Davidson lowered their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Guggenheim cut their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Bank of America lowered their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a report on Thursday, March 20th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.30.

Five Below Stock Performance

NASDAQ:FIVE traded down $1.78 during mid-day trading on Wednesday, hitting $75.89. 1,749,072 shares of the stock were exchanged, compared to its average volume of 1,988,776. The firm's 50-day simple moving average is $73.85 and its 200 day simple moving average is $88.14. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $147.69. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

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

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the 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. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.