Logan Capital Management Inc. Sells 14,554 Shares of Five Below, Inc. (NASDAQ:FIVE)

Logan Capital Management Inc. cut its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 46.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,718 shares of the specialty retailer's stock after selling 14,554 shares during the period. Logan Capital Management Inc.'s holdings in Five Below were worth $1,477,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FIVE. Paladin Wealth LLC bought a new position in Five Below during the third quarter worth about $26,000. Brooklyn Investment Group bought a new position in shares of Five Below during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Five Below in the 3rd quarter valued at $42,000. Hobbs Group Advisors LLC bought a new stake in Five Below in the second quarter valued at $44,000. Finally, Partnership Wealth Management LLC raised its stake in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. William Blair reaffirmed a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Citigroup boosted their target price on Five Below from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Finally, Guggenheim raised their price target on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Five Below has a consensus rating of "Hold" and an average price target of $116.15.

Five Below Stock Up 0.2 %

FIVE traded up $0.16 during trading on Friday, hitting $103.95. The company had a trading volume of 1,901,416 shares, compared to its average volume of 1,524,676. The company has a market capitalization of $5.72 billion, a PE ratio of 21.43, a PEG ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The firm's 50-day moving average price is $93.55 and its 200 day moving average price is $93.52.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. Sell-side analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current year.

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.