RS Investment Management Co. LLC raised its position in shares of Five Below Inc. (NASDAQ:FIVE) by 29.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 972,179 shares of the company’s stock after buying an additional 221,660 shares during the period. RS Investment Management Co. LLC’s holdings in Five Below were worth $45,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FIVE. BlackRock Institutional Trust Company N.A. increased its position in shares of Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock worth $56,358,000 after buying an additional 31,684 shares during the last quarter. GW&K Investment Management LLC raised its stake in Five Below by 2.7% in the second quarter. GW&K Investment Management LLC now owns 1,331,915 shares of the company’s stock worth $61,814,000 after buying an additional 34,698 shares during the period. Geode Capital Management LLC raised its stake in Five Below by 4.8% in the first quarter. Geode Capital Management LLC now owns 366,210 shares of the company’s stock worth $15,138,000 after buying an additional 16,800 shares during the period. UBS Asset Management Americas Inc. raised its stake in Five Below by 34.3% in the first quarter. UBS Asset Management Americas Inc. now owns 237,505 shares of the company’s stock worth $9,819,000 after buying an additional 60,719 shares during the period. Finally, Prudential Financial Inc. raised its stake in Five Below by 7.3% in the first quarter. Prudential Financial Inc. now owns 134,700 shares of the company’s stock worth $5,568,000 after buying an additional 9,200 shares during the period.

Shares of Five Below Inc. (NASDAQ:FIVE) traded up 1.88% during midday trading on Wednesday, reaching $41.22. 1,164,123 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $45.54 and its 200 day moving average price is $43.62. The stock has a market capitalization of $2.26 billion, a P/E ratio of 36.19 and a beta of 0.96. Five Below Inc. has a 1-year low of $26.95 and a 1-year high of $52.70.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $220.13 million for the quarter, compared to analyst estimates of $219.60 million. Five Below had a net margin of 6.93% and a return on equity of 26.01%. Five Below’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. On average, equities analysts predict that Five Below Inc. will post $1.32 earnings per share for the current fiscal year.

A number of analysts recently weighed in on FIVE shares. BTIG Research started coverage on shares of Five Below in a research report on Tuesday, August 23rd. They issued a “neutral” rating on the stock. They noted that the move was a valuation call. MKM Partners reissued a “buy” rating and issued a $60.00 price objective on shares of Five Below in a research report on Monday, September 5th. Buckingham Research reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Five Below in a research report on Tuesday, June 7th. Royal Bank Of Canada increased their price objective on shares of Five Below from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, June 3rd. Finally, Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, July 15th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.64.

Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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