Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,755 shares of the specialty retailer's stock after selling 22,419 shares during the period. Oppenheimer Asset Management Inc. owned 0.12% of Five Below worth $5,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FIVE. Lisanti Capital Growth LLC bought a new stake in shares of Five Below in the third quarter worth $3,455,000. Lindbrook Capital LLC lifted its position in Five Below by 64.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,217 shares of the specialty retailer's stock valued at $196,000 after acquiring an additional 868 shares in the last quarter. American Capital Advisory LLC grew its holdings in Five Below by 4,792.4% during the third quarter. American Capital Advisory LLC now owns 5,773 shares of the specialty retailer's stock worth $510,000 after buying an additional 5,655 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock valued at $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Five Below by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer's stock worth $569,000 after buying an additional 430 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $79.00 price target (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Bank of America cut Five Below from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on shares of Five Below from $124.00 to $106.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Mizuho restated a "neutral" rating and set a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. Finally, UBS Group dropped their target price on shares of Five Below from $120.00 to $108.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.40.

Five Below Trading Down 0.5 %

Five Below stock traded down $0.45 during trading hours on Friday, reaching $87.60. 478,622 shares of the stock were exchanged, compared to its average volume of 1,463,785. The stock has a 50 day moving average of $91.43 and a two-hundred day moving average of $99.97. The company has a market cap of $4.82 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly 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 analysts' expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, analysts expect that Five Below, Inc. will post 4.56 earnings per share 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.