Massachusetts Financial Services Co. MA Lowers Position in Five Below, Inc. (NASDAQ:FIVE)

Massachusetts Financial Services Co. MA cut its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 594,805 shares of the specialty retailer's stock after selling 12,630 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.08% of Five Below worth $64,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIVE. Price T Rowe Associates Inc. MD boosted its stake in shares of Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock worth $689,165,000 after purchasing an additional 38,419 shares during the last quarter. Capital World Investors lifted its stake in shares of Five Below by 2.5% in the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer's stock worth $435,931,000 after acquiring an additional 58,883 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer's stock valued at $340,278,000 after acquiring an additional 37,797 shares in the last quarter. Riverbridge Partners LLC increased its stake in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in Five Below by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer's stock worth $245,340,000 after purchasing an additional 9,837 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently commented on FIVE shares. Guggenheim decreased their price objective on shares of Five Below from $165.00 to $125.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Gordon Haskett lowered Five Below from an "accumulate" rating to a "hold" rating in a research note on Wednesday, July 24th. Loop Capital dropped their price objective on shares of Five Below from $190.00 to $120.00 and set a "hold" rating for the company in a report on Friday, June 7th. Citigroup decreased their price target on Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 21st. Finally, Evercore ISI cut their price objective on Five Below from $101.00 to $95.00 and set an "in-line" rating for the company in a research report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $109.95.

Five Below Trading Down 1.2 %

Five Below stock traded down $1.19 during midday trading on Friday, reaching $96.79. The company's stock had a trading volume of 1,416,126 shares, compared to its average volume of 1,435,156. The stock has a market cap of $5.33 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The business has a 50-day moving average price of $79.47 and a 200-day moving average price of $123.70.

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.