Five Below, Inc. (NASDAQ:FIVE) Holdings Reduced by US Bancorp DE

US Bancorp DE cut its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,311 shares of the specialty retailer's stock after selling 12,994 shares during the period. US Bancorp DE's holdings in Five Below were worth $2,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in Five Below during the first quarter worth approximately $38,000. Paladin Wealth LLC acquired a new stake in shares of Five Below in the 3rd quarter worth $26,000. Partnership Wealth Management LLC boosted its stake in shares of Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock valued at $34,000 after buying an additional 300 shares in the last quarter. Natixis purchased a new position in shares of Five Below in the 1st quarter valued at about $73,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Five Below during the 2nd quarter valued at approximately $44,000.

Five Below Price Performance

NASDAQ FIVE traded down $9.27 on Wednesday, reaching $84.42. The company had a trading volume of 5,261,996 shares, compared to its average volume of 1,443,687. The firm has a 50-day moving average of $90.11 and a 200-day moving average of $102.40. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The firm has a market capitalization of $4.64 billion, a PE ratio of 18.44, a P/E/G ratio of 1.06 and a beta of 1.20.

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 for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. As a group, sell-side analysts expect that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim decreased their price objective on shares of Five Below from $165.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Bank of America lowered Five Below from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $98.00 to $75.00 in a research note on Wednesday. Evercore ISI upped their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Telsey Advisory Group lowered their target price on shares of Five Below from $120.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, William Blair downgraded Five Below from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and a consensus target price of $110.45.

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.