HighTower Advisors LLC Sells 3,969 Shares of Five Below, Inc. (NASDAQ:FIVE)

HighTower Advisors LLC trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 42.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,466 shares of the specialty retailer’s stock after selling 3,969 shares during the period. HighTower Advisors LLC’s holdings in Five Below were worth $483,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FIVE. Fifth Third Bancorp increased its position in shares of Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Five Below by 9.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares in the last quarter. Peloton Wealth Strategists raised its stake in shares of Five Below by 3.0% in the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after acquiring an additional 200 shares during the last quarter. Partnership Wealth Management LLC boosted its holdings in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Five Below by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock worth $1,685,000 after acquiring an additional 296 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on FIVE. Melius Research began coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. JPMorgan Chase & Co. lifted their target price on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Citigroup upped their price target on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Barclays lifted their price objective on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Price Performance

FIVE opened at $106.08 on Friday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.12 and a beta of 1.18. The business’s 50-day moving average price is $94.69 and its two-hundred day moving average price is $93.01. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that Five Below, Inc. will post 4.94 earnings per share for the current fiscal 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.