International Assets Investment Management LLC Invests $3.73 Million in Five Below, Inc. (NASDAQ:FIVE)

International Assets Investment Management LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,479 shares of the specialty retailer’s stock, valued at approximately $3,726,000.

Other large investors have also modified their holdings of the company. Giverny Capital Inc. grew its holdings in shares of Five Below by 1.7% in the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock valued at $103,711,000 after purchasing an additional 10,845 shares during the period. Trust Point Inc. purchased a new stake in shares of Five Below in the fourth quarter valued at about $2,129,000. Invesco Ltd. grew its holdings in shares of Five Below by 119.1% in the third quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock valued at $47,317,000 after purchasing an additional 159,844 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Five Below by 10.6% in the third quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock valued at $67,514,000 after purchasing an additional 40,363 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Five Below by 229.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 46,354 shares of the specialty retailer’s stock valued at $7,458,000 after purchasing an additional 32,288 shares during the period.

Five Below Stock Up 1.9 %

Shares of NASDAQ:FIVE opened at $152.10 on Thursday. The firm’s 50 day moving average price is $185.68 and its 200 day moving average price is $185.90. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $3.07 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. On average, equities analysts anticipate that Five Below, Inc. will post 6.06 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIVE. Evercore ISI dropped their price objective on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday. Craig Hallum dropped their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company lowered their target price on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, March 21st. UBS Group lowered their target price on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Morgan Stanley lowered their target price on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.83.

Insiders Place Their Bets

In other news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the transaction, the director now directly owns 333,697 shares in the company, valued at $62,007,576.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.