Principal Financial Group Inc. boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,076 shares of the specialty retailer’s stock after purchasing an additional 6,207 shares during the quarter. Principal Financial Group Inc. owned about 0.84% of Five Below worth $22,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 30.5% during the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 540 shares in the last quarter. Tyers Asset Management LLC raised its stake in shares of Five Below by 17.6% during the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after acquiring an additional 420 shares in the last quarter. Strs Ohio raised its stake in shares of Five Below by 30.4% during the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after acquiring an additional 700 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Five Below by 17.6% during the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $147,000 after acquiring an additional 510 shares in the last quarter. Finally, Invictus RG purchased a new position in shares of Five Below during the first quarter worth approximately $183,000.

Five Below, Inc. (NASDAQ FIVE) opened at 50.32 on Wednesday. The company has a market cap of $2.77 billion, a PE ratio of 37.86 and a beta of 0.93. The stock has a 50 day moving average of $48.71 and a 200 day moving average of $47.16. Five Below, Inc. has a one year low of $35.03 and a one year high of $54.13.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company had revenue of $283.30 million for the quarter, compared to analyst estimates of $276.37 million. During the same quarter in the prior year, the firm posted $0.18 EPS. Five Below’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, analysts anticipate that Five Below, Inc. will post $1.67 earnings per share for the current fiscal year.

FIVE has been the topic of several research reports. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, May 23rd. Deutsche Bank AG reissued a “hold” rating and set a $53.00 price target (up from $48.00) on shares of Five Below in a research note on Tuesday, May 30th. KeyCorp reissued an “overweight” rating and set a $58.00 price target on shares of Five Below in a research note on Thursday, June 1st. MKM Partners reissued a “buy” rating and set a $57.00 price target (up from $51.00) on shares of Five Below in a research note on Thursday, June 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Five Below from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.15.

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

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

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