Five Below, Inc. (NASDAQ:FIVE) Stake Raised by Teca Partners LP

Teca Partners LP grew its holdings in Five Below, Inc. (NASDAQ:FIVE) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,317 shares of the specialty retailer’s stock after purchasing an additional 3,619 shares during the period. Five Below makes up 4.6% of Teca Partners LP’s investment portfolio, making the stock its 10th largest position. Teca Partners LP owned 0.11% of Five Below worth $6,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Five Below by 248.5% during the 4th quarter. BNP Paribas Financial Markets now owns 10,407 shares of the specialty retailer’s stock worth $2,218,000 after purchasing an additional 7,421 shares during the period. Norges Bank purchased a new position in shares of Five Below during the fourth quarter worth $68,825,000. Corient Private Wealth LLC grew its stake in shares of Five Below by 4.3% in the fourth quarter. Corient Private Wealth LLC now owns 30,838 shares of the specialty retailer’s stock valued at $6,573,000 after buying an additional 1,283 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Five Below in the 4th quarter valued at $37,000. Finally, King Luther Capital Management Corp lifted its stake in Five Below by 59.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,897 shares of the specialty retailer’s stock worth $831,000 after acquiring an additional 1,458 shares in the last quarter.

Five Below Stock Down 2.6 %

NASDAQ:FIVE opened at $95.41 on Friday. The company has a market capitalization of $5.25 billion, a PE ratio of 17.93, a P/E/G ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The stock’s 50 day moving average price is $79.31 and its 200 day moving average price is $122.37.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, sell-side analysts anticipate that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the subject of several research reports. Wells Fargo & Company dropped their target price on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Mizuho lowered shares of Five Below from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $85.00 in a report on Wednesday, July 17th. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $176.00 to $90.00 in a research note on Wednesday, July 17th. Finally, Loop Capital reduced their price objective on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.95.

Five Below 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.