Rhumbline Advisers Sells 2,569 Shares of Five Below, Inc. (NASDAQ:FIVE)

Rhumbline Advisers decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,686 shares of the specialty retailer’s stock after selling 2,569 shares during the period. Rhumbline Advisers’ holdings in Five Below were worth $16,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tandem Investment Advisors Inc. raised its stake in Five Below by 26.1% in the second quarter. Tandem Investment Advisors Inc. now owns 24,141 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 4,995 shares during the period. Hantz Financial Services Inc. bought a new stake in Five Below in the second quarter valued at approximately $161,000. International Assets Investment Management LLC bought a new stake in Five Below in the second quarter valued at approximately $124,000. iA Global Asset Management Inc. raised its stake in Five Below by 55.3% in the second quarter. iA Global Asset Management Inc. now owns 4,804 shares of the specialty retailer’s stock valued at $523,000 after buying an additional 1,710 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in Five Below by 60.1% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,397 shares of the specialty retailer’s stock valued at $697,000 after buying an additional 2,402 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Guggenheim lowered their target price on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Craig Hallum upgraded Five Below from a “hold” rating to a “buy” rating and lowered their target price for the stock from $108.00 to $102.00 in a research note on Thursday, August 29th. Loop Capital lowered their target price on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, June 7th. Telsey Advisory Group lowered their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Evercore ISI lowered their target price on Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.63.

Five Below Stock Performance

Shares of FIVE stock opened at $84.07 on Tuesday. The stock’s fifty day moving average price is $81.06 and its two-hundred day moving average price is $128.46. The company has a market cap of $4.62 billion, a PE ratio of 15.80, a P/E/G ratio of 0.88 and a beta of 1.21. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

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.