Teacher Retirement System of Texas cut its position in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,288 shares of the specialty retailer's stock after selling 524 shares during the quarter. Teacher Retirement System of Texas' holdings in Five Below were worth $1,141,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in FIVE. Private Trust Co. NA bought a new position in Five Below during the second quarter worth $28,000. Canada Pension Plan Investment Board boosted its position in Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 93 shares during the period. First Horizon Advisors Inc. boosted its position in Five Below by 2,876.9% during the second quarter. First Horizon Advisors Inc. now owns 387 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 374 shares during the period. Castle Wealth Management LLC bought a new position in Five Below during the second quarter worth $59,000. Finally, Wipfli Financial Advisors LLC bought a new position in Five Below during the third quarter worth $63,000.
Get Five Below alerts:Analyst Upgrades and Downgrades
FIVE has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of Five Below from $165.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 25th. BNP Paribas raised shares of Five Below from a "neutral" rating to an "outperform" rating in a research report on Thursday, December 15th. Wells Fargo & Company lifted their target price on Five Below from $190.00 to $195.00 and gave the stock an "overweight" rating in a report on Wednesday, January 4th. KeyCorp lifted their target price on Five Below from $188.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, January 10th. Finally, Truist Financial lifted their target price on Five Below from $161.00 to $196.00 in a report on Thursday, December 1st. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $188.48.
Insider Buying and Selling at Five Below
In other Five Below news, CAO Eric M. Specter sold 9,500 shares of the company's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $183.79, for a total value of $1,746,005.00. Following the completion of the transaction, the chief accounting officer now owns 31,243 shares in the company, valued at approximately $5,742,150.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five Below news, CMO Michael Romanko sold 3,750 shares of the firm's stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $191.50, for a total value of $718,125.00. Following the sale, the chief marketing officer now owns 8,901 shares of the company's stock, valued at approximately $1,704,541.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 9,500 shares of the firm's stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $183.79, for a total value of $1,746,005.00. Following the transaction, the chief accounting officer now directly owns 31,243 shares in the company, valued at $5,742,150.97. The disclosure for this sale can be found here. Insiders sold 37,325 shares of company stock worth $6,919,010 in the last quarter. 1.90% of the stock is currently owned by company insiders.Five Below Price Performance
Shares of NASDAQ:FIVE opened at $197.13 on Wednesday. The company has a market capitalization of $10.94 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The business has a fifty day moving average price of $179.41 and a two-hundred day moving average price of $152.74. Five Below, Inc. has a 1 year low of $109.49 and a 1 year high of $197.15.
Five Below (NASDAQ:FIVE – Get Rating) last announced its quarterly earnings data on Wednesday, November 30th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.15. The firm had revenue of $645.03 million during the quarter, compared to the consensus estimate of $611.16 million. Five Below had a return on equity of 20.11% and a net margin of 7.81%. Sell-side analysts anticipate that Five Below, Inc. will post 4.69 earnings per share for the current year.
Five Below Company Profile
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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, "attitude" t-shirts, beauty offerings, home goods, and storage options.
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