Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,580 shares of the specialty retailer's stock after selling 236,654 shares during the quarter. Wells Fargo & Company MN's holdings in Five Below were worth $2,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Five Below in the 4th quarter valued at about $8,489,000. Retirement Systems of Alabama increased its holdings in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after buying an additional 48,524 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Five Below by 691.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock worth $2,655,000 after acquiring an additional 22,102 shares during the period. Prudential Financial Inc. grew its position 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 during the period. Finally, KBC Group NV lifted its holdings in Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after purchasing an additional 496 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the 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 sale, the executive vice president now 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 this link. Company insiders own 1.90% of the company's stock.

Five Below Stock Performance

Five Below stock traded down $0.35 during midday trading on Monday, reaching $75.05. The company's stock had a trading volume of 941,172 shares, compared to its average volume of 1,980,565. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $150.88. The firm has a market capitalization of $4.13 billion, a PE ratio of 15.49, a P/E/G ratio of 1.19 and a beta of 1.01. The stock's 50 day simple moving average is $74.41 and its 200 day simple moving average is $88.34.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $3.65 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict 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.