Capital Research Global Investors Cuts Stake in Five Below, Inc. (NASDAQ:FIVE)

Capital Research Global Investors cut its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 505,303 shares of the specialty retailer's stock after selling 92,015 shares during the period. Capital Research Global Investors owned 0.92% of Five Below worth $53,037,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Five Below in the 4th quarter worth approximately $31,000. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Five Below in the 3rd quarter worth about $42,000. EverSource Wealth Advisors LLC raised its holdings 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. Finally, R Squared Ltd bought a new position in shares of Five Below in the fourth quarter worth approximately $68,000.

Five Below Trading Down 0.9 %

Shares of NASDAQ:FIVE traded down $0.68 during midday trading on Friday, reaching $75.39. 1,503,681 shares of the company were exchanged, compared to its average volume of 1,975,587. The stock has a market cap of $4.15 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The business's fifty day moving average is $74.79 and its two-hundred day moving average is $88.50. Five Below, Inc. has a one year low of $52.38 and a one year high of $151.95.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion during 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.65 earnings per share. As a group, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on FIVE. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. raised Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price for the company in a research report on Monday, April 7th. Loop Capital reduced their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Bank of America lowered their price objective on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. Finally, DA Davidson decreased their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $94.30.

Insider Buying and Selling

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.