Swiss National Bank Sells 12,700 Shares of Five Below, Inc. (NASDAQ:FIVE)

Swiss National Bank trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,659 shares of the specialty retailer’s stock after selling 12,700 shares during the period. Swiss National Bank’s holdings in Five Below were worth $23,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. raised its position in Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after acquiring an additional 395,275 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Five Below by 89.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock worth $166,627,000 after purchasing an additional 487,948 shares during the period. Giverny Capital Inc. lifted its stake in Five Below by 1.7% in the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock valued at $103,711,000 after purchasing an additional 10,845 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Five Below by 19.7% during the third quarter. Clearbridge Investments LLC now owns 641,128 shares of the specialty retailer’s stock valued at $103,157,000 after purchasing an additional 105,624 shares during the period. Finally, Eagle Asset Management Inc. increased its position in Five Below by 18.8% in the third quarter. Eagle Asset Management Inc. now owns 545,567 shares of the specialty retailer’s stock worth $87,782,000 after buying an additional 86,488 shares during the last quarter.

Five Below Stock Down 3.2 %

NASDAQ:FIVE opened at $142.10 on Thursday. The stock has a market cap of $7.85 billion, a P/E ratio of 26.22, a PEG ratio of 1.16 and a beta of 1.21. The business’s 50-day moving average price is $172.46 and its two-hundred day moving average price is $183.85. Five Below, Inc. has a twelve month low of $140.19 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts expect that Five Below, Inc. will post 6.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIVE. Telsey Advisory Group dropped their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Truist Financial cut their target price on shares of Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Wells Fargo & Company raised shares of Five Below from an “equal weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Thursday, April 25th. Morgan Stanley cut their price objective on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, Oppenheimer cut shares of Five Below from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $235.00 to $200.00 in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.33.

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.