Janney Montgomery Scott LLC Sells 553 Shares of Five Below, Inc. (NASDAQ:FIVE)

Janney Montgomery Scott LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,835 shares of the specialty retailer’s stock after selling 553 shares during the period. Janney Montgomery Scott LLC’s holdings in Five Below were worth $2,328,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Five Below in the 4th quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Five Below during the 1st quarter worth approximately $28,000. Planned Solutions Inc. acquired a new position in shares of Five Below during the 4th quarter worth approximately $34,000. CVA Family Office LLC acquired a new position in shares of Five Below during the 4th quarter worth approximately $36,000. Finally, Quest Partners LLC bought a new position in shares of Five Below during the 4th quarter worth approximately $37,000.

Five Below Trading Down 1.0 %

Shares of FIVE stock opened at $103.22 on Friday. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.21 and a beta of 1.19. The stock has a 50-day moving average of $123.10 and a 200-day moving average of $162.17. Five Below, Inc. has a 1-year low of $100.76 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Sell-side analysts forecast that Five Below, Inc. will post 5.2 earnings per share for the current year.

Analyst Ratings Changes

FIVE has been the subject of several research analyst reports. UBS Group reduced their target price on Five Below from $245.00 to $223.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Guggenheim cut their target price on Five Below from $230.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Loop Capital cut their target price on Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. Barclays cut their target price on Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Finally, StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

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.