Cornerstone Investment Partners LLC Increases Holdings in Five Below, Inc. (NASDAQ:FIVE)

Cornerstone Investment Partners LLC grew its holdings in Five Below, Inc. (NASDAQ:FIVE) by 3.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,732 shares of the specialty retailer’s stock after acquiring an additional 162 shares during the period. Cornerstone Investment Partners LLC’s holdings in Five Below were worth $497,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FIVE. Private Advisor Group LLC lifted its position in shares of Five Below by 20.8% in the third quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after buying an additional 395 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after buying an additional 15,734 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Five Below by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock worth $569,000 after buying an additional 430 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter. Finally, American Capital Advisory LLC lifted its position in shares of Five Below by 4,792.4% in the third quarter. American Capital Advisory LLC now owns 5,773 shares of the specialty retailer’s stock worth $510,000 after buying an additional 5,655 shares in the last quarter.

Five Below Stock Performance

FIVE opened at $84.22 on Tuesday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.19 and a beta of 1.12. The stock’s 50 day moving average price is $95.12 and its 200-day moving average price is $92.88. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. As a group, analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIVE. Morgan Stanley boosted their target price on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Truist Financial boosted their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Guggenheim upped their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.32.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

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.