Securian Asset Management Inc Lowers Holdings in Five Below, Inc. (NASDAQ:FIVE)

Securian Asset Management Inc reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,423 shares of the specialty retailer’s stock after selling 152 shares during the quarter. Securian Asset Management Inc’s holdings in Five Below were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVE. FMR LLC increased its position in Five Below by 24.9% during the 2nd quarter. FMR LLC now owns 3,999,991 shares of the specialty retailer’s stock valued at $427,639,000 after purchasing an additional 797,658 shares during the period. Chilton Investment Co. LLC purchased a new position in Five Below during the second quarter valued at approximately $40,020,000. Riverbridge Partners LLC increased its holdings in Five Below by 23.5% during the third quarter. Riverbridge Partners LLC now owns 1,609,789 shares of the specialty retailer’s stock valued at $204,443,000 after buying an additional 306,097 shares during the period. Holocene Advisors LP raised its stake in Five Below by 10,273.2% in the second quarter. Holocene Advisors LP now owns 307,358 shares of the specialty retailer’s stock worth $32,860,000 after buying an additional 304,395 shares in the last quarter. Finally, Senator Investment Group LP purchased a new stake in Five Below during the second quarter worth $29,400,000.

A number of equities research analysts recently weighed in on the company. Craig Hallum upped their price objective on Five Below from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Barclays boosted their price objective on shares of Five Below from $101.00 to $120.00 in a research note on Thursday, September 3rd. Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating and raised their target price for the company from $135.00 to $140.00 in a research note on Thursday, November 5th. Finally, Citigroup upped their price target on Five Below from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $133.71.

Shares of NASDAQ FIVE opened at $146.04 on Friday. The company has a 50 day simple moving average of $134.58 and a two-hundred day simple moving average of $114.02. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 82.51, a PEG ratio of 3.84 and a beta of 1.13. Five Below, Inc. has a 12 month low of $47.53 and a 12 month high of $159.59.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, September 2nd. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.39. The company had revenue of $426.11 million during the quarter, compared to the consensus estimate of $409.19 million. Five Below had a net margin of 5.89% and a return on equity of 13.81%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that Five Below, Inc. will post 1.86 earnings per share for the current fiscal year.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Read More: How to start trading in the forex market?

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

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.