Charles Schwab Investment Management Inc. Has $68.57 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 653,271 shares of the specialty retailer’s stock after acquiring an additional 38,983 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of Five Below worth $68,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIVE. Gradient Investments LLC raised its stake in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after acquiring an additional 111 shares in the last quarter. UMB Bank n.a. boosted its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares in the last quarter. KBC Group NV boosted its stake in Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after buying an additional 312 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Five Below in the 3rd quarter valued at $30,000. Finally, Amalgamated Bank boosted its stake in Five Below by 1.5% in the fourth quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock worth $2,814,000 after purchasing an additional 388 shares in the last quarter.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Five Below stock opened at $75.58 on Wednesday. The stock has a market cap of $4.16 billion, a P/E ratio of 15.58, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $209.79. The firm’s fifty day moving average price is $92.00 and its 200-day moving average price is $92.97.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FIVE shares. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Guggenheim boosted their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group boosted their target price on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research report on Tuesday, January 14th. Finally, Barclays increased their price target on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.32.

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.