Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,777 shares of the specialty retailer's stock after selling 13,251 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Five Below worth $12,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the 3rd quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its position in Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares during the last quarter. R Squared Ltd purchased a new position in Five Below during the fourth quarter worth $68,000. Finally, GAMMA Investing LLC increased its position in Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 814 shares during the last quarter.

Five Below Stock Up 0.8 %

Shares of FIVE traded up $0.56 during mid-day trading on Monday, hitting $68.07. 2,930,125 shares of the company traded hands, compared to its average volume of 1,952,555. The business has a 50 day moving average of $76.10 and a 200 day moving average of $89.01. The company has a market capitalization of $3.75 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $151.95.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.65 EPS. As a group, research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Telsey Advisory Group cut their price objective on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 18th. Bank of America reduced their price target on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research note on Thursday, March 20th. UBS Group dropped their target price on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Guggenheim lowered their price target on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $94.30.

Five Below Company 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.