State of New Jersey Common Pension Fund D cut its stake in shares of Five Below Inc (NASDAQ:FIVE) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,000 shares of the specialty retailer’s stock after selling 11,500 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.29% of Five Below worth $19,203,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIVE. Stifel Financial Corp grew its stake in shares of Five Below by 17.0% during the 4th quarter. Stifel Financial Corp now owns 14,829 shares of the specialty retailer’s stock worth $1,528,000 after purchasing an additional 2,152 shares during the period. MML Investors Services LLC acquired a new position in shares of Five Below during the 4th quarter worth $429,000. Nuveen Asset Management LLC acquired a new position in shares of Five Below during the 4th quarter worth $262,000. Amundi Pioneer Asset Management Inc. grew its stake in shares of Five Below by 107.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 10,790 shares of the specialty retailer’s stock worth $1,104,000 after purchasing an additional 5,600 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Five Below by 6.9% during the 4th quarter. Legal & General Group Plc now owns 58,898 shares of the specialty retailer’s stock worth $6,027,000 after purchasing an additional 3,809 shares during the period. 95.38% of the stock is currently owned by institutional investors and hedge funds.

FIVE has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of WEX from $222.00 to $238.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Morgan Stanley raised shares of Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. set a €53.00 ($61.63) price objective on shares of Kion Group and gave the company a “neutral” rating in a research note on Thursday, April 11th. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Finally, BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.89.

In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total value of $924,313.39. Following the transaction, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

NASDAQ:FIVE traded down $2.87 on Tuesday, reaching $116.92. The stock had a trading volume of 15,548 shares, compared to its average volume of 771,202. The stock has a market cap of $6.61 billion, a P/E ratio of 45.64, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $126.22. Five Below Inc has a 12-month low of $86.57 and a 12-month high of $148.21.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $364.76 million for the quarter, compared to analyst estimates of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, analysts anticipate that Five Below Inc will post 3.06 earnings per share for the current year.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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