Principal Financial Group Inc. Sells 3,559 Shares of Five Below Inc (NASDAQ:FIVE)

Principal Financial Group Inc. cut its holdings in Five Below Inc (NASDAQ:FIVE) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,517 shares of the specialty retailer’s stock after selling 3,559 shares during the quarter. Principal Financial Group Inc. owned about 0.83% of Five Below worth $25,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC grew its stake in Five Below by 5.1% during the 1st quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after acquiring an additional 4,479 shares in the last quarter. Renaissance Technologies LLC bought a new position in Five Below in the first quarter valued at about $3,175,000. Tudor Investment Corp ET AL bought a new position in Five Below in the first quarter valued at about $276,000. LS Investment Advisors LLC lifted its stake in Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after buying an additional 39 shares during the period. Finally, Legato Capital Management LLC lifted its stake in Five Below by 887.9% in the second quarter. Legato Capital Management LLC now owns 7,982 shares of the specialty retailer’s stock valued at $394,000 after buying an additional 7,174 shares during the period.

In other Five Below news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the sale, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.92% of the company’s stock.

A number of research analysts recently issued reports on the company. Barclays reiterated a “hold” rating and set a $60.00 price objective on shares of Five Below in a report on Sunday. Buckingham Research increased their price objective on Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 1st. UBS raised their price target on Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Royal Bank Of Canada lifted their target price on Five Below to $67.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Finally, Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and an average target price of $60.91.

Five Below Inc (NASDAQ:FIVE) traded up $1.39 during mid-day trading on Wednesday, reaching $65.53. The company had a trading volume of 1,375,492 shares, compared to its average volume of 1,100,862. Five Below Inc has a fifty-two week low of $36.90 and a fifty-two week high of $66.00. The firm has a market cap of $3,590.28, a P/E ratio of 42.48, a P/E/G ratio of 1.38 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The firm had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. equities analysts predict that Five Below Inc will post 1.78 EPS for the current fiscal year.

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Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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