4,267 Shares in Five Below, Inc. (NASDAQ:FIVE) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,267 shares of the specialty retailer’s stock, valued at approximately $440,000.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its holdings in Five Below by 23.7% in the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after purchasing an additional 312 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Five Below in the third quarter worth about $1,765,000. Charles Schwab Investment Management Inc. grew its holdings in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares during the period. Algert Global LLC grew its holdings in Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Five Below in the third quarter worth about $3,282,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FIVE. Telsey Advisory Group cut their price objective on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday. Craig Hallum increased their price target on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Bank of America cut their price target on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday. Loop Capital cut their price target on shares of Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $102.16.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Five Below Price Performance

Shares of FIVE stock opened at $76.24 on Friday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a one year low of $64.87 and a one year high of $185.48. The company’s fifty day moving average price is $87.76 and its 200-day moving average price is $92.52.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $3.65 EPS. Equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal 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.