SG Americas Securities LLC lessened its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 73.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,528 shares of the specialty retailer's stock after selling 4,144 shares during the quarter. SG Americas Securities LLC's holdings in Five Below were worth $160,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of FIVE. Paladin Wealth LLC purchased a new stake in Five Below in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group purchased a new stake in Five Below during the third quarter worth $30,000. UMB Bank n.a. grew its position in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after buying an additional 204 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the third quarter worth about $42,000. Finally, GAMMA Investing LLC raised its position in shares of Five Below by 149.1% in the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 814 shares during the period.
Five Below Stock Performance
Shares of NASDAQ:FIVE traded up $2.49 during trading on Thursday, hitting $90.17. The company's stock had a trading volume of 1,316,862 shares, compared to its average volume of 1,714,771. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The business has a 50 day moving average price of $99.63 and a two-hundred day moving average price of $90.90. The company has a market capitalization of $4.96 billion, a PE ratio of 18.59, a P/E/G ratio of 1.26 and a beta of 1.12.
Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.
Insider Activity
In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. William Blair restated a "market perform" rating on shares of Five Below in a research note on Monday, December 2nd. JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Craig Hallum boosted their price objective on Five Below from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Bank of America downgraded Five Below from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on Five Below from $88.00 to $118.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.32.
Check Out Our Latest Stock Report on FIVE
Five Below Company Profile
(
Free Report)
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.
See Also
Before you consider Five Below, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Five Below wasn't on the list.
While Five Below currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
