Northwestern Mutual Wealth Management Co. Has $441,000 Stake in Five Below, Inc. (NASDAQ:FIVE)

Northwestern Mutual Wealth Management Co. lowered its holdings in Five Below, Inc. (NASDAQ:FIVE) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,049 shares of the specialty retailer’s stock after selling 633 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Five Below were worth $441,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FIVE. Price T Rowe Associates Inc. MD grew its holdings in Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Capital World Investors grew its stake in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after purchasing an additional 58,883 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after purchasing an additional 37,797 shares in the last quarter. Riverbridge Partners LLC raised its position in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter.

Five Below Trading Up 0.3 %

Shares of Five Below stock opened at $92.07 on Wednesday. The company has a 50 day moving average of $82.46 and a 200-day moving average of $112.61. The company has a market cap of $5.07 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIVE. UBS Group cut their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Telsey Advisory Group cut their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price target on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Mizuho restated a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a research report on Thursday, October 3rd. Finally, Guggenheim dropped their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average target price of $111.15.

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