Five Below, Inc. (NASDAQ:FIVE) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 64.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,922 shares of the specialty retailer’s stock after buying an additional 1,143 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Five Below were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FIVE. Giverny Capital Inc. raised its stake in shares of Five Below by 1.7% during the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock worth $103,711,000 after purchasing an additional 10,845 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in shares of Five Below in the 4th quarter worth $2,783,000. Trust Point Inc. purchased a new stake in shares of Five Below in the fourth quarter valued at about $2,129,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Five Below during the fourth quarter worth about $3,222,000. Finally, Ameriprise Financial Inc. raised its holdings in Five Below by 10.6% during the third quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock worth $67,514,000 after purchasing an additional 40,363 shares in the last quarter.

Five Below Stock Performance

FIVE stock opened at $144.81 on Friday. The stock’s 50 day moving average price is $175.69 and its 200 day moving average price is $184.51. The firm has a market cap of $8.00 billion, a P/E ratio of 26.72, a PEG ratio of 1.15 and a beta of 1.21. Five Below, Inc. has a 1 year low of $140.19 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $3.07 EPS. The firm’s revenue was up 19.1% on a year-over-year basis. On average, research analysts predict that Five Below, Inc. will post 6.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIVE. Evercore ISI dropped their target price on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Morgan Stanley reduced their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company upgraded shares of Five Below from an “equal weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. downgraded shares of Five Below from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $215.00 to $170.00 in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below 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.