Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,119,811 shares of the specialty retailer’s stock after selling 21,586 shares during the period. Dimensional Fund Advisors LP owned approximately 2.04% of Five Below worth $48,500,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Rice Hall James & Associates LLC boosted its position in Five Below by 17.1% in the first quarter. Rice Hall James & Associates LLC now owns 417,497 shares of the specialty retailer’s stock valued at $18,082,000 after buying an additional 60,908 shares in the last quarter. DnB Asset Management AS bought a new position in Five Below during the first quarter valued at about $4,708,000. Legato Capital Management LLC boosted its position in Five Below by 4,230.9% in the first quarter. Legato Capital Management LLC now owns 34,994 shares of the specialty retailer’s stock valued at $808,000 after buying an additional 34,186 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Five Below by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the specialty retailer’s stock valued at $970,000 after buying an additional 300 shares in the last quarter. Finally, Torch Wealth Management LLC boosted its position in Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 100 shares in the last quarter.

Shares of Five Below, Inc. (NASDAQ:FIVE) opened at 48.35 on Tuesday. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13. The company has a 50-day moving average of $50.69 and a 200 day moving average of $44.00. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 36.38 and a beta of 0.95.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. During the same period in the previous year, the company posted $0.12 earnings per share. Five Below’s revenue for the quarter was up 20.9% on a year-over-year basis. Analysts predict that Five Below, Inc. will post $1.64 earnings per share for the current year.

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Several research firms have issued reports on FIVE. Deutsche Bank AG restated a “hold” rating and set a $53.00 target price (up previously from $48.00) on shares of Five Below in a research note on Tuesday, May 30th. Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (up previously from $40.00) on shares of Five Below in a research note on Saturday, June 3rd. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Five Below in a research note on Saturday, June 3rd. BTIG Research reiterated a “neutral” rating on shares of Five Below in a research note on Saturday, June 3rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $65.00 price objective (up previously from $47.00) on shares of Five Below in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $53.74.

In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.92% of the company’s stock.

About Five Below

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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