Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in Five Below, Inc. (NASDAQ:FIVE) by 9.7% during the 4th quarter, Holdings Channel reports. The fund owned 61,207 shares of the specialty retailer’s stock after selling 6,548 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Five Below were worth $6,424,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FIVE. Creative Planning increased its stake in shares of Five Below by 69.2% during the third quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock worth $805,000 after buying an additional 3,724 shares during the period. Private Advisor Group LLC increased its stake in shares of Five Below by 20.8% during the third quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after buying an additional 395 shares during the period. International Assets Investment Management LLC increased its stake in shares of Five Below by 1,379.0% during the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after buying an additional 15,734 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Five Below by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock worth $569,000 after buying an additional 430 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares during the period.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FIVE shares. Truist Financial boosted their target price on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Barclays boosted their target price on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their target price on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Craig Hallum boosted their target price on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.32.

Five Below Stock Down 0.6 %

FIVE opened at $86.89 on Friday. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $212.01. The business has a 50 day moving average price of $95.59 and a two-hundred day moving average price of $92.47. The company has a market cap of $4.78 billion, a PE ratio of 17.92, a P/E/G ratio of 1.19 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS 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.