ETRADE Capital Management LLC grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,911 shares of the specialty retailer’s stock after purchasing an additional 1,426 shares during the period. ETRADE Capital Management LLC’s holdings in Five Below were worth $928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in shares of Five Below by 24.1% in the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after acquiring an additional 412,641 shares during the period. Wasatch Advisors Inc. grew its stake in shares of Five Below by 2.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock worth $96,225,000 after purchasing an additional 52,041 shares during the last quarter. State Street Corp grew its stake in shares of Five Below by 2.8% in the 2nd quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after purchasing an additional 38,532 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Below by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,152,469 shares of the specialty retailer’s stock worth $56,896,000 after acquiring an additional 32,658 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of Five Below by 0.8% in the second quarter. Oak Ridge Investments LLC now owns 1,064,249 shares of the specialty retailer’s stock worth $52,542,000 after acquiring an additional 8,498 shares in the last quarter.

Several research firms have recently weighed in on FIVE. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Thursday. Jefferies Group boosted their price objective on shares of Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. MKM Partners boosted their price objective on shares of Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital cut shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Monday, November 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Five Below in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $58.64.

Shares of Five Below, Inc. (NASDAQ FIVE) opened at $61.80 on Friday. Five Below, Inc. has a twelve month low of $36.90 and a twelve month high of $63.33. The stock has a market capitalization of $3,325.78, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 28.9% on a year-over-year basis. equities research analysts predict that Five Below, Inc. will post 1.66 earnings per share for the current year.

In related news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.92% of the company’s stock.

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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.

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

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