Gateway Investment Advisers LLC Increases Stake in Five Below, Inc. (NASDAQ:FIVE)

Gateway Investment Advisers LLC increased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 691.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,297 shares of the specialty retailer’s stock after acquiring an additional 22,102 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Five Below were worth $2,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FIVE. Charles Schwab Investment Management Inc. lifted its position in shares of Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after buying an additional 180,902 shares during the last quarter. National Bank of Canada FI grew its position in Five Below by 155.2% during the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after purchasing an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Five Below in the 3rd quarter valued at about $3,282,000. Algert Global LLC increased its holdings in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after purchasing an additional 9,188 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIVE. Evercore ISI boosted their target price on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Craig Hallum upped 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. The Goldman Sachs Group upped their target price on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Five Below currently has an average rating of “Hold” and an average price target of $115.75.

Five Below Trading Down 2.4 %

Shares of NASDAQ FIVE opened at $90.64 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The business has a 50 day simple moving average of $98.94 and a 200-day simple moving average of $90.76. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities analysts predict that Five Below, Inc. will post 4.92 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.