Prestige Wealth Management Group LLC Has $55,000 Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Prestige Wealth Management Group LLC decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 91.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 525 shares of the specialty retailer’s stock after selling 5,383 shares during the period. Prestige Wealth Management Group LLC’s holdings in Five Below were worth $55,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 180,902 shares during the period. Algert Global LLC boosted its stake in Five Below by 364.2% in the third 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 during the last quarter. Quantbot Technologies LP grew its holdings in Five Below by 16.0% during the 3rd quarter. Quantbot Technologies LP now owns 16,772 shares of the specialty retailer’s stock worth $1,482,000 after acquiring an additional 2,312 shares during the period. Brooklyn Investment Group bought a new stake in shares of Five Below during the 3rd quarter valued at $30,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Five Below by 1,094.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after purchasing an additional 335,493 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Loop Capital decreased their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Barclays decreased their target price on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Finally, Telsey Advisory Group cut their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, March 18th. 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. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $102.16.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred 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 $987,830.32. This represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction 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 $5,197,552.92. This 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 Stock Performance

Shares of Five Below stock opened at $77.01 on Wednesday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $185.48. The business’s 50 day simple moving average is $87.00 and its 200 day simple moving average is $92.77. The firm has a market cap of $4.24 billion, a PE ratio of 15.88, a P/E/G ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $3.65 earnings per share. As a group, equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

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.