PNC Financial Services Group Inc. Has $2.94 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

PNC Financial Services Group Inc. reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,802 shares of the specialty retailer’s stock after selling 469 shares during the period. PNC Financial Services Group Inc.’s holdings in Five Below were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AGF Management Ltd. acquired a new position in shares of Five Below during the fourth quarter worth about $3,192,000. International Assets Investment Management LLC acquired a new position in shares of Five Below during the fourth quarter worth about $3,726,000. Charles Schwab Investment Management Inc. boosted its position in shares of Five Below by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after buying an additional 11,073 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in shares of Five Below during the fourth quarter worth about $2,783,000. Finally, Bridgefront Capital LLC boosted its position in shares of Five Below by 379.0% during the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after buying an additional 6,306 shares during the period.

Five Below Stock Performance

Shares of FIVE stock opened at $113.93 on Thursday. The stock’s fifty day moving average price is $137.31 and its two-hundred day moving average price is $173.00. The company has a market cap of $6.27 billion, a PE ratio of 21.42, a P/E/G ratio of 1.32 and a beta of 1.17. Five Below, Inc. has a fifty-two week low of $106.21 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. During the same period in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Five Below, Inc. will post 5.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on FIVE shares. JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $215.00 to $170.00 in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Five Below from $201.00 to $177.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Citigroup dropped their target price on Five Below from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Morgan Stanley dropped their price objective on Five Below from $210.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price objective on Five Below from $180.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

About Five Below

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.