Handelsbanken Fonder AB Has $2.18 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Handelsbanken Fonder AB increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,209 shares of the specialty retailer’s stock after acquiring an additional 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Five Below were worth $2,176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new position in shares of Five Below in the fourth quarter worth approximately $34,000. CVA Family Office LLC acquired a new position in shares of Five Below in the fourth quarter worth approximately $36,000. Covestor Ltd lifted its stake in shares of Five Below by 32.0% in the third quarter. Covestor Ltd now owns 450 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 109 shares during the period. Annapolis Financial Services LLC lifted its stake in shares of Five Below by 39.4% in the fourth quarter. Annapolis Financial Services LLC now owns 707 shares of the specialty retailer’s stock worth $151,000 after acquiring an additional 200 shares during the period. Finally, Latitude Advisors LLC acquired a new position in shares of Five Below in the fourth quarter worth approximately $230,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIVE. Barclays cut their price objective on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Craig Hallum lowered their target price on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, March 21st. JPMorgan Chase & Co. downgraded Five Below from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $215.00 to $170.00 in a report on Tuesday. Telsey Advisory Group lowered their target price on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. Finally, Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and lowered their target price for the stock from $210.00 to $200.00 in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Stock Down 0.5 %

NASDAQ FIVE opened at $150.08 on Friday. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.19 and a beta of 1.19. Five Below, Inc. has a 52 week low of $144.57 and a 52 week high of $216.18. The business has a 50 day moving average price of $181.17 and a 200-day moving average price of $185.29.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $3.07 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities research analysts anticipate that Five Below, Inc. will post 6.05 earnings per share for the current year.

Five Below Company 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.