Janus Henderson Group PLC Reduces Stake in Five Below, Inc. (NASDAQ:FIVE)

Janus Henderson Group PLC cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 31,339 shares of the specialty retailer’s stock after selling 470 shares during the quarter. Janus Henderson Group PLC’s holdings in Five Below were worth $2,769,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Five Below during the 3rd quarter worth $3,282,000. Janney Montgomery Scott LLC lifted its stake in Five Below by 72.8% during 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. Algert Global LLC lifted its stake in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after acquiring an additional 20,266 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake 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 acquiring an additional 15,734 shares in the last quarter.

Analyst Ratings Changes

FIVE has been the topic of several research reports. Wells Fargo & Company increased their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. UBS Group reduced their price target on 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, JPMorgan Chase & Co. increased their price target on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $116.15.

Five Below Price Performance

FIVE opened at $109.53 on Thursday. The business has a 50 day simple moving average of $93.07 and a 200-day simple moving average of $93.92. The stock has a market capitalization of $6.03 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.15 and a beta of 1.19. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Research analysts anticipate that Five Below, Inc. will post 4.93 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.