Gateway Investment Advisers LLC Buys 22,102 Shares of Five Below, Inc. (NASDAQ:FIVE)

Gateway Investment Advisers LLC boosted its position in Five Below, Inc. (NASDAQ:FIVE) by 691.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,297 shares of the specialty retailer’s stock after purchasing an additional 22,102 shares during the period. Gateway Investment Advisers LLC’s holdings in Five Below were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after acquiring an additional 180,902 shares in the last quarter. National Bank of Canada FI grew its position in shares of Five Below by 155.2% during the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Five Below during the third quarter valued at $3,282,000. Algert Global LLC raised its holdings in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after acquiring an additional 20,266 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after acquiring an additional 9,188 shares during the period.

Five Below Stock Performance

Five Below stock opened at $90.64 on Friday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The business’s 50-day simple moving average is $98.94 and its two-hundred day simple moving average is $90.76. The company has a market cap of $4.99 billion, a PE ratio of 18.69, a PEG ratio of 0.96 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 14.6% on a year-over-year basis. As a group, analysts predict that Five Below, Inc. will post 4.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price target on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 7th. Finally, Guggenheim raised their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Five Below has an average rating of “Hold” and an average target price of $115.75.

About Five Below

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.