Intech Investment Management LLC Invests $1.18 Million in Five Below, Inc. (NASDAQ:FIVE)

Intech Investment Management LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 10,806 shares of the specialty retailer’s stock, valued at approximately $1,178,000.

A number of other large investors have also recently made changes to their positions in FIVE. Quest Partners LLC bought a new position in Five Below during the 4th quarter valued at about $37,000. Parallel Advisors LLC grew its holdings in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. TD Asset Management Inc grew its holdings in Five Below by 2.8% during the 4th quarter. TD Asset Management Inc now owns 191,315 shares of the specialty retailer’s stock valued at $40,781,000 after purchasing an additional 5,200 shares during the last quarter. Stifel Financial Corp grew its holdings in Five Below by 2.6% during the 4th quarter. Stifel Financial Corp now owns 42,017 shares of the specialty retailer’s stock valued at $8,956,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Fiduciary Trust Co grew its holdings in Five Below by 19.7% during the 4th quarter. Fiduciary Trust Co now owns 5,711 shares of the specialty retailer’s stock valued at $1,217,000 after purchasing an additional 940 shares during the last quarter.

Five Below Stock Performance

Shares of FIVE opened at $93.99 on Wednesday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company has a 50 day moving average price of $79.08 and a 200-day moving average price of $120.21. The stock has a market capitalization of $5.18 billion, a PE ratio of 17.67, a PEG ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Equities research analysts forecast that Five Below, Inc. will post 4.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Mizuho cut shares of Five Below from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $85.00 in a research report on Wednesday, July 17th. Guggenheim lowered their price objective on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, UBS Group lowered their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.45.

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.