Louisiana State Employees Retirement System Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Louisiana State Employees Retirement System purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,600 shares of the specialty retailer's stock, valued at approximately $3,325,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FIVE. Price T Rowe Associates Inc. MD raised its holdings in shares of Five Below by 2,513.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer's stock valued at $801,779,000 after acquiring an additional 3,743,768 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Five Below during the 4th quarter valued at about $99,794,000. William Blair Investment Management LLC raised its holdings in shares of Five Below by 89.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer's stock valued at $166,627,000 after buying an additional 487,948 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer's stock valued at $423,883,000 after buying an additional 471,349 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Five Below by 34.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer's stock valued at $242,681,000 after buying an additional 395,275 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on FIVE. Evercore ISI decreased their price objective on Five Below from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Thursday, March 21st. Morgan Stanley reduced their price target on Five Below from $225.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, March 21st. Telsey Advisory Group reduced their price target on Five Below from $230.00 to $220.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. Gordon Haskett lowered Five Below from a "buy" rating to an "accumulate" rating and reduced their price target for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Five Below from $222.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Five Below presently has an average rating of "Moderate Buy" and a consensus target price of $213.11.

Five Below Trading Down 3.0 %

NASDAQ:FIVE traded down $4.67 during trading hours on Monday, reaching $152.81. 1,208,171 shares of the company traded hands, compared to its average volume of 863,993. The business's 50-day moving average price is $186.94 and its two-hundred day moving average price is $186.22. The stock has a market capitalization of $8.44 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.26 and a beta of 1.19. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $3.07 EPS. The business's revenue was up 19.1% on a year-over-year basis. As a group, equities analysts anticipate that Five Below, Inc. will post 6.06 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the business's stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the sale, the director now owns 333,697 shares of the company's stock, valued at $62,007,576.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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.