Stephens Investment Management Group LLC Has $39.16 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Stephens Investment Management Group LLC cut its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 443,241 shares of the specialty retailer's stock after selling 149,722 shares during the period. Stephens Investment Management Group LLC owned about 0.80% of Five Below worth $39,160,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. grew its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after acquiring an additional 769,980 shares during the last quarter. Marshall Wace LLP grew its position in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock worth $66,003,000 after acquiring an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock worth $65,034,000 after acquiring an additional 167,330 shares during the last quarter. Jennison Associates LLC bought a new stake in Five Below during the 1st quarter worth approximately $25,114,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer's stock valued at $9,566,000 after buying an additional 108,243 shares during the last quarter.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of recent research reports. KeyCorp decreased their price objective on Five Below from $115.00 to $106.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Bank of America increased their price objective on Five Below from $87.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Evercore ISI raised their price target on Five Below from $100.00 to $104.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered Five Below from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered Five Below from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Five Below presently has an average rating of "Hold" and a consensus price target of $111.60.

Five Below Stock Performance

Five Below stock traded up $1.14 during midday trading on Friday, reaching $95.93. 1,230,603 shares of the company's stock were exchanged, compared to its average volume of 1,424,058. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.03 and a beta of 1.21. The stock's 50-day simple moving average is $89.11 and its 200 day simple moving average is $104.32.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million during the quarter, compared to analysts' expectations of $821.95 million. Research analysts forecast that Five Below, Inc. will post 4.55 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.