Gs Investments Inc. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,250 shares of the specialty retailer’s stock, valued at approximately $1,197,000.

A number of other large investors have also made changes to their positions in FIVE. BlackRock Inc. grew its stake in Five Below by 27,003.0% in the 1st quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after purchasing an additional 6,800,982 shares during the period. FMR LLC grew its stake in Five Below by 111.2% in the 1st quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock valued at $30,970,000 after purchasing an additional 376,527 shares during the period. Jennison Associates LLC grew its stake in Five Below by 27.3% in the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after purchasing an additional 367,235 shares during the period. Vanguard Group Inc. grew its stake in Five Below by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after purchasing an additional 235,589 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Five Below by 42.2% in the 2nd quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after purchasing an additional 230,191 shares during the period.

In related news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.22% of the company’s stock.

A number of brokerages have issued reports on FIVE. Jefferies Group LLC restated a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Wednesday, August 23rd. BidaskClub downgraded Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Loop Capital restated a “buy” rating and issued a $60.00 price objective on shares of Five Below in a research note on Friday, June 30th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, September 7th. Finally, Buckingham Research restated a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Five Below currently has a consensus rating of “Buy” and a consensus target price of $54.41.

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Shares of Five Below, Inc. (NASDAQ:FIVE) traded up 0.30% on Friday, hitting $57.20. The stock had a trading volume of 127,325 shares. The stock has a 50 day moving average of $52.63 and a 200-day moving average of $49.77. Five Below, Inc. has a 12 month low of $35.03 and a 12 month high of $57.65. The stock has a market cap of $3.16 billion, a PE ratio of 39.50 and a beta of 0.90.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $276.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Five Below’s revenue was up 28.7% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post $1.67 EPS for the current year.

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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