Riverbridge Partners LLC Sells 100,905 Shares of Five Below, Inc. (NASDAQ:FIVE)

Riverbridge Partners LLC lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,202,751 shares of the specialty retailer's stock after selling 100,905 shares during the quarter. Five Below makes up about 1.7% of Riverbridge Partners LLC's holdings, making the stock its 18th biggest position. Riverbridge Partners LLC owned 2.19% of Five Below worth $126,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock worth $146,865,000 after acquiring an additional 31,520 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock worth $86,559,000 after acquiring an additional 11,504 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Five Below by 556.2% during the second 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. Atreides Management LP purchased a new position in shares of Five Below during the third quarter worth approximately $68,649,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Five Below during the third quarter worth approximately $64,981,000.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FIVE shares. JPMorgan Chase & Co. lowered their price objective on shares of Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. StockNews.com lowered shares of Five Below from a "hold" rating to a "sell" rating in a research report on Friday, December 13th. Barclays lifted their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Finally, Truist Financial boosted their target price on shares of Five Below from $88.00 to $118.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $115.75.

Five Below Price Performance

Shares of FIVE stock traded down $1.69 during trading on Thursday, reaching $91.08. The company had a trading volume of 716,261 shares, compared to its average volume of 2,180,111. The firm's 50 day simple moving average is $99.51 and its two-hundred day simple moving average is $90.35. The company has a market capitalization of $5.01 billion, a PE ratio of 18.78, a PEG ratio of 1.31 and a beta of 1.14. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts' expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. Analysts forecast that Five Below, Inc. will post 4.93 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.