Bender Robert & Associates Reduces Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Bender Robert & Associates cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,048 shares of the specialty retailer’s stock after selling 12,059 shares during the quarter. Five Below makes up approximately 0.7% of Bender Robert & Associates’ holdings, making the stock its 24th largest holding. Bender Robert & Associates’ holdings in Five Below were worth $2,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after acquiring an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below during the 3rd quarter valued at approximately $3,282,000. Algert Global LLC raised its position in shares of Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after acquiring an additional 20,266 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after acquiring an additional 9,188 shares in the last quarter.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Five Below Stock Down 2.9 %

NASDAQ:FIVE opened at $75.58 on Wednesday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $209.79. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock has a fifty day simple moving average of $92.00 and a 200 day simple moving average of $92.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FIVE shares. JPMorgan Chase & Co. dropped their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Loop Capital upped their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Barclays upped their price target on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group increased their target price on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.32.

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.