T. Rowe Price Investment Management Inc. Has $378.26 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

T. Rowe Price Investment Management Inc. cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,603,816 shares of the specialty retailer's stock after selling 735,266 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 6.55% of Five Below worth $378,257,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIVE. Gradient Investments LLC lifted its stake in Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock valued at $1,666,000 after acquiring an additional 111 shares during the last quarter. Bank of Montreal Can lifted its stake in Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after purchasing an additional 150 shares during the period. Sterling Capital Management LLC increased its position in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after buying an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC raised its stake in Five Below by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after buying an additional 162 shares during the period.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Five Below Trading Down 0.1 %

NASDAQ FIVE traded down $0.07 during trading on Monday, hitting $75.32. 1,668,669 shares of the company's stock were exchanged, compared to its average volume of 1,983,247. The company has a market cap of $4.15 billion, a PE ratio of 15.53, a P/E/G ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $150.88. The stock's 50 day moving average price is $74.41 and its two-hundred day moving average price is $88.34.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America cut their price objective on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group decreased their price objective on Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Truist Financial dropped their target price on Five Below from $86.00 to $65.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. UBS Group decreased their price target on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and an average price target of $94.30.

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.