Capital World Investors Cuts Stake in Five Below, Inc. (NASDAQ:FIVE)

Capital World Investors trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,364,180 shares of the specialty retailer’s stock after selling 239,220 shares during the quarter. Capital World Investors owned about 2.48% of Five Below worth $143,184,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after buying an additional 43,537 shares during the period. Wasatch Advisors LP grew its position in Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after acquiring an additional 86,271 shares during the period. Marshall Wace LLP raised its holdings in shares of Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Giverny Capital Inc. lifted its stake in shares of Five Below by 0.9% in the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer’s stock valued at $76,842,000 after purchasing an additional 6,861 shares in the last quarter. Finally, Pacifica Capital Investments LLC grew its holdings in shares of Five Below by 13.3% during the 4th quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer’s stock worth $69,122,000 after purchasing an additional 77,483 shares during the period.

Five Below Trading Up 7.5 %

FIVE stock opened at $67.41 on Monday. The firm has a market cap of $3.71 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.19 and a beta of 1.01. The business’s 50 day moving average is $76.10 and its 200-day moving average is $89.01. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $151.95.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.65 EPS. Sell-side analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

FIVE has been the subject of several recent research reports. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Loop Capital cut their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. UBS Group reduced their price objective on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Bank of America dropped their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th. Finally, Truist Financial lowered their price objective on shares of Five Below from $86.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average price target of $94.30.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm’s 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 transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

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.