Victory Capital Management Inc. Sells 8,190 Shares of Five Below, Inc. (NASDAQ:FIVE)

Victory Capital Management Inc. cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 34.5% during the third quarter, Holdings Channel.com reports. The firm owned 15,522 shares of the specialty retailer’s stock after selling 8,190 shares during the period. Victory Capital Management Inc.’s holdings in Five Below were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in shares of Five Below by 72.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after acquiring an additional 9,188 shares in the last quarter. Cetera Investment Advisers raised its holdings in Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after purchasing an additional 21,368 shares in the last quarter. International Assets Investment Management LLC grew its position in Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 15,734 shares during the period. Advisors Asset Management Inc. grew its position in Five Below by 19.1% during the 1st quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 387 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Five Below during the 3rd quarter valued at about $501,000.

Analyst Upgrades and Downgrades

FIVE has been the topic of several analyst reports. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, November 7th. Melius Research began coverage on shares of Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. UBS Group dropped their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $106.05.

Five Below Stock Performance

Shares of FIVE opened at $91.61 on Tuesday. The stock has a 50 day moving average price of $91.01 and a 200 day moving average price of $96.46. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, analysts predict that Five Below, Inc. will post 4.57 earnings per share 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.