Wellington Management Group LLP Sells 35,796 Shares of Five Below, Inc. (NASDAQ:FIVE)

Wellington Management Group LLP reduced its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 355,208 shares of the specialty retailer's stock after selling 35,796 shares during the period. Wellington Management Group LLP owned approximately 0.65% of Five Below worth $37,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FIVE. Proficio Capital Partners LLC bought a new position in Five Below in the fourth quarter valued at about $31,000. UMB Bank n.a. increased its position in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC lifted its stake in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 558 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Five Below in the fourth quarter worth approximately $68,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI reduced their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Morgan Stanley restated an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. Guggenheim reduced their price target on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price objective on Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $97.95.

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Five Below Trading Down 2.1 %

FIVE traded down $1.30 during trading on Friday, hitting $60.47. 3,728,234 shares of the company traded hands, compared to its average volume of 1,925,393. The company has a market cap of $3.33 billion, a PE ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 1.01. The stock's 50-day simple moving average is $78.81 and its two-hundred day simple moving average is $89.93. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $162.92.

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

Insider Activity at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of Five Below 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 transaction, the chief accounting officer now owns 57,267 shares of the company's stock, 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. 1.90% of the stock is currently owned by insiders.

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.