Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,560 shares of the specialty retailer’s stock after selling 55,722 shares during the quarter. Principal Financial Group Inc.’s holdings in Five Below were worth $11,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in Five Below by 0.4% during the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after buying an additional 115 shares during the period. Fifth Third Bancorp increased its holdings in Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 147 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Five Below by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 180 shares during the period. Peloton Wealth Strategists lifted its stake in Five Below by 3.0% during the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after purchasing an additional 200 shares in the last quarter. Finally, Partnership Wealth Management LLC boosted its position in shares of Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Mizuho reissued a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a research note on Thursday, October 3rd. Melius Research assumed coverage on shares of Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 target price on the stock. Finally, KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $106.40.

Five Below Stock Down 1.2 %

FIVE stock opened at $87.02 on Monday. The business has a 50 day moving average price of $91.59 and a 200 day moving average price of $98.93. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.96 and a beta of 1.20. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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 4.57 EPS for the current year.

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.