GW&K Investment Management LLC Sells 10,348 Shares of Five Below Inc (FIVE)

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GW&K Investment Management LLC trimmed its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 835,270 shares of the specialty retailer’s stock after selling 10,348 shares during the quarter. Five Below accounts for 1.7% of GW&K Investment Management LLC’s holdings, making the stock its 2nd biggest position. GW&K Investment Management LLC owned approximately 1.50% of Five Below worth $85,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIVE. TCI Wealth Advisors Inc. grew its stake in shares of Five Below by 270.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Somerset Trust Co grew its stake in shares of Five Below by 602.5% during the 4th quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 241 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Five Below by 52.3% during the 4th quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 260 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Five Below by 1,598.1% during the 3rd quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 863 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Five Below during the 4th quarter worth approximately $97,000. 95.35% of the stock is owned by institutional investors and hedge funds.

In other Five Below news, Director Ronald Sargent sold 31,500 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $97.60, for a total transaction of $3,074,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.60% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research reaffirmed a “hold” rating and set a $100.00 price target on shares of Five Below in a research note on Monday, December 31st. BidaskClub cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research note on Friday. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 6th. Goldman Sachs Group raised shares of Five Below from a “neutral” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Wednesday, December 12th. Finally, Barclays raised Five Below from an “equal weight” rating to an “overweight” rating in a report on Friday, December 7th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.24.

NASDAQ FIVE opened at $129.82 on Tuesday. Five Below Inc has a 12 month low of $63.78 and a 12 month high of $136.13. The company has a market capitalization of $7.20 billion, a PE ratio of 72.53, a P/E/G ratio of 1.36 and a beta of 0.63.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Five Below had a return on equity of 24.58% and a net margin of 8.74%. The business had revenue of $312.82 million during the quarter, compared to the consensus estimate of $303.54 million. Analysts forecast that Five Below Inc will post 2.6 earnings per share for the current year.

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Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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