The Manufacturers Life Insurance Company Decreases Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

The Manufacturers Life Insurance Company lessened its stake in Five Below, Inc. (NASDAQ:FIVE) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,636 shares of the specialty retailer’s stock after selling 3,876 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Five Below worth $3,855,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FIVE. Point72 Asset Management L.P. grew its holdings in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after acquiring an additional 769,980 shares during the period. Marshall Wace LLP grew its stake in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after purchasing an additional 167,330 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after purchasing an additional 108,243 shares during the period.

Five Below Price Performance

NASDAQ FIVE opened at $112.73 on Friday. The stock has a market capitalization of $6.20 billion, a PE ratio of 23.24, a P/E/G ratio of 1.16 and a beta of 1.18. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The business has a 50 day simple moving average of $91.79 and a two-hundred day simple moving average of $94.37.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.10%. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FIVE shares. UBS Group decreased their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Evercore ISI lifted their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Citigroup upped their price target on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Loop Capital lifted their price objective on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $116.15.

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.