Summit Investment Advisors Inc. Lowers Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Summit Investment Advisors Inc. decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,017 shares of the specialty retailer’s stock after selling 281 shares during the period. Summit Investment Advisors Inc.’s holdings in Five Below were worth $1,156,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Gradient Investments LLC raised its holdings in Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after purchasing an additional 111 shares during the period. Bank of Montreal Can increased its position in shares of Five Below by 1.0% in the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after buying an additional 123 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Five Below by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock worth $2,509,000 after buying an additional 150 shares during the period. Sterling Capital Management LLC lifted its position in shares of Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its stake in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after acquiring an additional 162 shares during the period.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’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 value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Performance

FIVE stock opened at $62.72 on Thursday. Five Below, Inc. has a one year low of $52.38 and a one year high of $154.47. The firm has a market cap of $3.45 billion, a PE ratio of 12.93, a PEG ratio of 1.19 and a beta of 1.01. The firm’s 50 day moving average price is $76.98 and its 200-day moving average price is $89.32.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 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 return on equity of 18.03% and a net margin of 7.02%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.65 earnings per share. Equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIVE. Mizuho reduced their price objective on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Truist Financial lowered their price objective on Five Below from $86.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Bank of America lowered their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. Finally, Evercore ISI reduced their price objective on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $94.30.

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.