Oppenheimer Asset Management Inc. Lowers Position in Five Below, Inc. (NASDAQ:FIVE)

Oppenheimer Asset Management Inc. decreased its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,207 shares of the specialty retailer's stock after selling 6,548 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.11% of Five Below worth $6,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Five Below by 1.5% in the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer's stock worth $2,814,000 after acquiring an additional 388 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Five Below in the 4th quarter worth $442,000. ING Groep NV lifted its stake in Five Below by 189.5% in the fourth quarter. ING Groep NV now owns 115,800 shares of the specialty retailer's stock worth $12,154,000 after purchasing an additional 75,800 shares during the last quarter. Hardy Reed LLC purchased a new stake in Five Below during the fourth quarter valued at about $200,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Five Below by 16.9% during the fourth quarter. Handelsbanken Fonder AB now owns 15,209 shares of the specialty retailer's stock valued at $1,596,000 after buying an additional 2,200 shares during the last quarter.

Five Below Trading Down 1.4 %

FIVE traded down $1.22 during trading on Tuesday, reaching $83.00. The stock had a trading volume of 1,070,712 shares, compared to its average volume of 1,615,801. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.19 and a beta of 1.12. The stock's 50 day moving average is $95.12 and its two-hundred day moving average is $92.88.

Remove Ads

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, equities research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on FIVE. William Blair reissued a "market perform" rating on shares of Five Below in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price objective on Five Below from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Craig Hallum increased their price objective on Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Finally, Bank of America cut shares of Five Below from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $111.32.

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.