Desjardins Global Asset Management Inc. Purchases New Stake in Five Below, Inc. (NASDAQ:FIVE)

Desjardins Global Asset Management Inc. purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,057 shares of the specialty retailer's stock, valued at approximately $2,783,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Sunbelt Securities Inc. lifted its position in Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer's stock worth $26,000 after buying an additional 58 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer's stock worth $31,000 after buying an additional 93 shares in the last quarter. Planned Solutions Inc. bought a new stake in Five Below during the 4th quarter worth about $34,000. CVA Family Office LLC acquired a new position in shares of Five Below during the 4th quarter worth about $36,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Five Below during the 2nd quarter worth about $40,000.

Analyst Upgrades and Downgrades

FIVE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Five Below from $222.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, March 21st. Morgan Stanley lowered their price objective on shares of Five Below from $225.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, March 21st. Barclays lowered their price objective on shares of Five Below from $225.00 to $214.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Gordon Haskett lowered shares of Five Below from a "buy" rating to an "accumulate" rating and lowered their price objective for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Five Below from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.83.

Five Below Trading Down 2.3 %

Shares of NASDAQ:FIVE traded down $3.51 on Tuesday, reaching $149.30. 1,415,939 shares of the company's stock were exchanged, compared to its average volume of 871,691. The company has a fifty day moving average of $186.30 and a 200-day moving average of $186.14. Five Below, Inc. has a twelve month low of $144.57 and a twelve month high of $216.18. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.26 and a beta of 1.19.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company posted $3.07 EPS. The business's revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts forecast that Five Below, Inc. will post 6.06 EPS for the current fiscal year.

Insider Transactions at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the company's stock in a transaction that occurred on Friday, January 19th. The shares were 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 approximately $62,007,576.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by 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.