National Bank of Canada FI Has $5.81 Million Position in Five Below, Inc. (NASDAQ:FIVE)

National Bank of Canada FI trimmed its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,338 shares of the specialty retailer's stock after selling 23,489 shares during the quarter. National Bank of Canada FI owned 0.10% of Five Below worth $5,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FIVE. Vanguard Group Inc. grew its stake in shares of Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock valued at $529,792,000 after purchasing an additional 43,537 shares during the period. State Street Corp grew its position in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock valued at $146,865,000 after acquiring an additional 31,520 shares during the period. Geode Capital Management LLC grew its position in Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after acquiring an additional 11,504 shares during the period. Pacifica Capital Investments LLC raised its stake in Five Below by 13.3% during the fourth quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock worth $69,122,000 after acquiring an additional 77,483 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Five Below by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer's stock valued at $68,567,000 after purchasing an additional 38,983 shares in the last quarter.

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Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Five Below Stock Down 2.1 %

NASDAQ FIVE traded down $1.30 on Friday, reaching $60.47. The company had a trading volume of 3,728,234 shares, compared to its average volume of 1,925,393. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $162.92. The stock's 50 day moving average is $78.81 and its 200-day moving average is $89.93. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.19 and a beta of 1.01.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Guggenheim dropped their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upgraded Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price target on the stock in a research report on Monday. Loop Capital reduced their price objective on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Bank of America lowered their target price on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group cut their price target on Five Below from $117.00 to $102.00 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, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $97.95.

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.