Blair William & Co. IL Sells 9,657 Shares of Five Below, Inc. (NASDAQ:FIVE)

Blair William & Co. IL decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,868 shares of the specialty retailer’s stock after selling 9,657 shares during the quarter. Blair William & Co. IL’s holdings in Five Below were worth $5,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FIVE. Raymond James Financial Inc. bought a new stake in shares of Five Below during the fourth quarter worth approximately $8,489,000. Charles Schwab Investment Management Inc. raised its holdings in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after acquiring an additional 180,902 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Five Below by 155.2% during 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 period. Prestige Wealth Management Group LLC acquired a new stake in shares of Five Below during the 3rd quarter worth $522,000. Finally, Empirical Capital Management LLC bought a new position in shares of Five Below in the third quarter worth $2,651,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIVE shares. Wells Fargo & Company upped their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup increased their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Craig Hallum raised their target price on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial lowered their price target on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.16.

Five Below Stock Down 7.8 %

NASDAQ FIVE opened at $73.20 on Monday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $182.99. The stock has a fifty day simple moving average of $86.05 and a 200 day simple moving average of $92.58.

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

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

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.