Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. lowered its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,810 shares of the specialty retailer’s stock after selling 790 shares during the quarter. Five Below comprises about 1.8% of Laurus Investment Counsel Inc.’s investment portfolio, making the stock its 16th biggest holding. Laurus Investment Counsel Inc.’s holdings in Five Below were worth $3,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Giverny Capital Inc. grew its holdings in shares of Five Below by 1.7% during the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock worth $103,711,000 after buying an additional 10,845 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Five Below by 10.6% during the third quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock worth $67,514,000 after buying an additional 40,363 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Five Below by 119.1% during the third quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock worth $47,317,000 after buying an additional 159,844 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Five Below by 96.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 18,743 shares of the specialty retailer’s stock worth $3,016,000 after buying an additional 9,182 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in 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.

Insider Transactions at Five Below

In related news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the transaction, the director now directly owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FIVE. Telsey Advisory Group lowered their target price on shares of Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. Barclays decreased their price objective on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company decreased their price objective 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 reduced their target price on shares of Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, Mizuho started coverage on shares of Five Below in a research report on Tuesday, March 19th. They set a “buy” rating and a $225.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.88.

Five Below Stock Performance

NASDAQ:FIVE opened at $183.86 on Thursday. The stock’s 50 day moving average price is $192.00 and its 200 day moving average price is $185.01. Five Below, Inc. has a 52 week low of $144.57 and a 52 week high of $220.19. The company has a market capitalization of $10.16 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.42 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $3.07 EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, sell-side analysts forecast that Five Below, Inc. will post 6.07 earnings per share for the current fiscal year.

Five Below Company 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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.