Prestige Wealth Management Group LLC Lowers Position in Five Below, Inc. (NASDAQ:FIVE)

Prestige Wealth Management Group LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 91.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 525 shares of the specialty retailer's stock after selling 5,383 shares during the period. Prestige Wealth Management Group LLC's holdings in Five Below were worth $55,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIVE. Prudential Financial Inc. boosted its holdings in shares of Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock valued at $1,201,000 after acquiring an additional 8,035 shares in the last quarter. Pacifica Capital Investments LLC grew its holdings in shares of Five Below by 13.3% during the fourth quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock worth $69,122,000 after purchasing an additional 77,483 shares during the last quarter. Summit Creek Advisors LLC increased its stake in shares of Five Below by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer's stock valued at $10,231,000 after buying an additional 311 shares during the period. Vanguard Group Inc. boosted its position in Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after buying an additional 43,537 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Five Below during the 4th quarter worth approximately $335,000.

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Five Below Stock Performance

NASDAQ:FIVE traded down $6.16 on Friday, hitting $73.20. The stock had a trading volume of 1,929,066 shares, compared to its average volume of 1,788,747. The firm's fifty day simple moving average is $86.05 and its two-hundred day simple moving average is $92.56. The stock has a market cap of $4.03 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $182.99.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.65 EPS. Equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Loop Capital dropped their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Craig Hallum lifted their target price on Five Below from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Telsey Advisory Group decreased their price target on Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. William Blair reiterated a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Finally, Wells Fargo & Company increased their target price on shares of Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Five Below has an average rating of "Hold" and an average target price of $102.16.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company's stock, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Five Below Company 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.