ProShare Advisors LLC Sells 2,470 Shares of Five Below, Inc. $FIVE

ProShare Advisors LLC cut its holdings in Five Below, Inc. (NASDAQ:FIVE) by 52.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,212 shares of the specialty retailer’s stock after selling 2,470 shares during the period. ProShare Advisors LLC’s holdings in Five Below were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Advisory Services Network LLC bought a new position in Five Below in the third quarter valued at approximately $32,000. V Square Quantitative Management LLC bought a new position in Five Below in the fourth quarter valued at approximately $35,000. CI Investments Inc. boosted its stake in Five Below by 44.3% in the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 74 shares during the last quarter. Spire Wealth Management bought a new position in Five Below in the fourth quarter valued at approximately $38,000. Finally, iSAM Funds UK Ltd bought a new position in Five Below in the third quarter valued at approximately $40,000.

Insider Buying and Selling at Five Below

In related news, Director Ronald Sargent sold 10,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the sale, the director directly owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kenneth R. Bull sold 10,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the sale, the chief operating officer owned 92,531 shares in the company, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.96% of the company’s stock.

Five Below Stock Performance

FIVE opened at $227.36 on Friday. The firm’s fifty day moving average is $226.12 and its two-hundred day moving average is $203.15. The firm has a market cap of $12.57 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. Five Below, Inc. has a twelve month low of $113.41 and a twelve month high of $251.63.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $3.48 earnings per share. Equities analysts forecast that Five Below, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho raised their price objective on shares of Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company raised their price objective on shares of Five Below from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Telsey Advisory Group raised their price objective on shares of Five Below from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. UBS Group raised their price objective on shares of Five Below from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, William Blair raised shares of Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $240.80.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.