Texas Permanent School Fund raised its stake in Five Below, Inc. (NASDAQ:FIVE) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 40,235 shares of the specialty retailer’s stock after buying an additional 499 shares during the period. Texas Permanent School Fund’s holdings in Five Below were worth $1,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Torch Wealth Management LLC boosted its position in shares of Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 100 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Five Below by 14.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 13,745 shares of the specialty retailer’s stock valued at $595,000 after buying an additional 1,730 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Five Below by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the specialty retailer’s stock valued at $970,000 after buying an additional 300 shares in the last quarter. Suffolk Capital Management LLC acquired a new position in shares of Five Below during the first quarter valued at approximately $1,300,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Five Below by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock valued at $12,041,000 after buying an additional 25,041 shares in the last quarter.

Shares of Five Below, Inc. (FIVE) opened at 48.50 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $54.13. The firm has a 50-day moving average of $47.96 and a 200-day moving average of $45.64.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. On average, analysts anticipate that Five Below, Inc. will post $1.64 EPS for the current year.

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FIVE has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 target price (up from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Vetr cut shares of Five Below from a “hold” rating to a “sell” rating and set a $47.56 target price on the stock. in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, May 23rd. BTIG Research reaffirmed a “neutral” rating on shares of Five Below in a report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $60.00 target price (up from $54.00) on shares of Five Below in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $53.74.

In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.22% of the company’s stock.

About Five Below

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. Its product groups include leisure, fashion and home, and party and snack.

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

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