Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 32.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,191 shares of the specialty retailer's stock after selling 29,818 shares during the quarter. Raymond James & Associates owned 0.11% of Five Below worth $5,406,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. increased 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 purchasing an additional 769,980 shares in the last quarter. Marshall Wace LLP increased 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 purchasing an additional 207,083 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock valued at $65,034,000 after buying an additional 167,330 shares during the period. Jennison Associates LLC purchased a new stake in Five Below in the 1st quarter valued at about $25,114,000. Finally, Riverbridge Partners LLC grew its holdings in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after buying an additional 72,020 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on FIVE shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $79.00 price target (down previously from $155.00) on shares of Five Below in a report on Thursday, July 18th. Wells Fargo & Company lowered their price target on Five Below from $145.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, July 17th. Evercore ISI lifted their price target on Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. Melius Research started coverage on Five Below in a report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price target for the company. Finally, Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $111.60.

Five Below Price Performance

Five Below stock traded up $1.14 during midday trading on Friday, hitting $95.93. 1,230,728 shares of the company were exchanged, compared to its average volume of 1,424,058. The company's fifty day moving average price is $89.66 and its 200-day moving average price is $103.86. The company has a market cap of $5.28 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.03 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.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. On average, analysts expect 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.