Five Below, Inc. (NASDAQ:FIVE) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Five Below, Inc. (NASDAQ:FIVE) by 248.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,407 shares of the specialty retailer’s stock after purchasing an additional 7,421 shares during the period. BNP Paribas Financial Markets’ holdings in Five Below were worth $2,218,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in Five Below by 5.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,291 shares of the specialty retailer’s stock valued at $530,000 after buying an additional 162 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Five Below in the 3rd quarter valued at approximately $707,000. Picton Mahoney Asset Management boosted its stake in Five Below by 37.5% in the 3rd quarter. Picton Mahoney Asset Management now owns 2,455 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 670 shares in the last quarter. Versor Investments LP grew its position in Five Below by 113.0% during the 3rd quarter. Versor Investments LP now owns 4,407 shares of the specialty retailer’s stock worth $709,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Five Below by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,849 shares of the specialty retailer’s stock valued at $2,550,000 after purchasing an additional 216 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Craig Hallum dropped their price target on Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday, March 21st. JPMorgan Chase & Co. cut Five Below from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Oppenheimer downgraded Five Below from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. Finally, Barclays cut their price target on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $210.33.

Five Below Trading Up 2.6 %

NASDAQ:FIVE opened at $132.99 on Friday. The stock has a 50 day moving average of $156.30 and a two-hundred day moving average of $180.63. Five Below, Inc. has a 12 month low of $128.64 and a 12 month high of $216.18. The firm has a market cap of $7.35 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $3.07 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts forecast that Five Below, Inc. will post 6.04 earnings per share for the current year.

Five Below 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.