Crestwood Capital Management L.P. Has $1.60 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Crestwood Capital Management L.P. lessened its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 85.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,102 shares of the specialty retailer's stock after selling 104,000 shares during the period. Five Below comprises 1.2% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 14th biggest holding. Crestwood Capital Management L.P.'s holdings in Five Below were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIVE. LRI Investments LLC purchased a new stake in shares of Five Below in the first quarter valued at approximately $38,000. Paladin Wealth LLC purchased a new stake in Five Below during the third quarter worth about $26,000. Partnership Wealth Management LLC grew its position in Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after buying an additional 300 shares during the period. Hobbs Group Advisors LLC purchased a new position in Five Below in the second quarter valued at about $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Five Below during the 2nd quarter valued at approximately $50,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Melius Research assumed coverage on Five Below in a report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price target for the company. Gordon Haskett raised shares of 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. Evercore ISI lifted their target price on Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. Craig Hallum upped their price target on Five Below from $102.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut shares of Five Below from a "neutral" rating to an "underweight" rating and upped their price target for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $106.05.

Five Below Price Performance

Shares of FIVE traded down $2.37 during mid-day trading on Tuesday, hitting $89.24. The company's stock had a trading volume of 945,292 shares, compared to its average volume of 1,472,135. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.96 and a beta of 1.20. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm has a 50-day moving average price of $91.01 and a 200 day moving average price of $96.46.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. As a group, equities analysts anticipate that Five Below, Inc. will post 4.57 EPS for the current fiscal 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.