Handelsbanken Fonder AB Decreases Holdings in Five Below, Inc. $FIVE

Handelsbanken Fonder AB decreased its stake in Five Below, Inc. (NASDAQ:FIVE) by 22.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,909 shares of the specialty retailer’s stock after selling 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Five Below were worth $1,956,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jump Financial LLC grew its holdings in Five Below by 41.3% during the first quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer’s stock valued at $11,946,000 after purchasing an additional 46,586 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Five Below by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 155 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Five Below by 169.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,997 shares of the specialty retailer’s stock worth $146,000 after acquiring an additional 1,257 shares during the period. Entropy Technologies LP purchased a new stake in Five Below in the 1st quarter worth about $240,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Five Below by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 681,872 shares of the specialty retailer’s stock valued at $51,089,000 after acquiring an additional 28,601 shares during the period.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $146.41, for a total value of $119,763.38. Following the sale, the executive vice president owned 9,858 shares of the company’s stock, valued at $1,443,309.78. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Five Below Price Performance

FIVE opened at $166.95 on Thursday. The firm has a market capitalization of $9.21 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. Five Below, Inc. has a one year low of $52.38 and a one year high of $168.98. The company has a fifty day moving average price of $153.77 and a 200-day moving average price of $139.17.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.20. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

FIVE has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Five Below from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Mizuho raised their price objective on shares of Five Below from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Guggenheim boosted their target price on shares of Five Below from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 29th. Truist Financial raised their price target on Five Below from $141.00 to $148.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, Citigroup lifted their price target on Five Below from $142.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $154.94.

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.