Country Trust Bank Lowers Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Country Trust Bank lessened its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,320 shares of the specialty retailer's stock after selling 14,370 shares during the quarter. Country Trust Bank owned approximately 0.45% of Five Below worth $21,762,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Five Below during the 4th quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at about $28,000. Partnership Wealth Management LLC increased its stake in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 300 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Five Below during the 1st quarter worth about $38,000. Finally, Hobbs Group Advisors LLC purchased a new position in Five Below in the 2nd quarter valued at about $44,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on FIVE. 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 note on Thursday, August 29th. Barclays downgraded Five Below from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Truist Financial reaffirmed a "hold" rating and set a $89.00 target price on shares of Five Below in a research note on Monday, August 26th. KeyCorp reduced their target price on shares of Five Below from $115.00 to $106.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Five Below from $124.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.15.

Five Below Stock Performance

Shares of NASDAQ FIVE traded down $0.64 during trading on Wednesday, reaching $91.43. The stock had a trading volume of 792,110 shares, compared to its average volume of 1,445,120. The company has a market cap of $5.04 billion, a P/E ratio of 17.19, a PEG ratio of 1.06 and a beta of 1.21. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The business's 50-day moving average price is $82.83 and its 200-day moving average price is $112.47.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Analysts forecast that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

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.