Swiss National Bank Sells 12,700 Shares of Five Below, Inc. (NASDAQ:FIVE)

Swiss National Bank trimmed its position in Five Below, Inc. (NASDAQ:FIVE) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,659 shares of the specialty retailer’s stock after selling 12,700 shares during the period. Swiss National Bank owned approximately 0.20% of Five Below worth $23,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC increased its stake in Five Below by 89.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after buying an additional 487,948 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Five Below by 34.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after acquiring an additional 395,275 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Five Below during the third quarter valued at approximately $29,181,000. Invesco Ltd. grew its stake in Five Below by 119.1% in the third quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock valued at $47,317,000 after purchasing an additional 159,844 shares in the last quarter. Finally, Advent International L.P. increased its position in shares of Five Below by 68.9% during the 3rd quarter. Advent International L.P. now owns 343,306 shares of the specialty retailer’s stock worth $55,238,000 after purchasing an additional 140,000 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on FIVE shares. Evercore ISI cut their price objective on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Craig Hallum decreased their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Truist Financial dropped their target price on shares of Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Telsey Advisory Group reduced their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. Finally, Barclays dropped their price objective on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Stock Performance

FIVE stock opened at $142.10 on Thursday. Five Below, Inc. has a 52 week low of $140.19 and a 52 week high of $216.18. The company’s 50-day simple moving average is $172.46 and its 200 day simple moving average is $183.85. The company has a market capitalization of $7.85 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.07 EPS. On average, analysts forecast that Five Below, Inc. will post 6.05 EPS for the current year.

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.