Five Below, Inc. (NASDAQ:FIVE) Stake Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,553 shares of the specialty retailer’s stock after selling 26,304 shares during the period. Bank of New York Mellon Corp owned approximately 0.67% of Five Below worth $27,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock worth $1,278,000 after acquiring an additional 123 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock valued at $2,509,000 after buying an additional 150 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 158 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Five Below by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 165 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Five Below by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer’s stock valued at $270,000 after buying an additional 173 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on FIVE shares. Wells Fargo & Company raised their target price on Five Below from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, June 5th. Citigroup raised their target price on Five Below from $121.00 to $135.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. UBS Group raised their target price on Five Below from $110.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, June 5th. Telsey Advisory Group raised their target price on Five Below from $90.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, June 4th. Finally, Truist Financial lifted their price objective on Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Five Below has an average rating of “Hold” and an average target price of $113.30.

Five Below Trading Up 3.3%

NASDAQ FIVE opened at $136.44 on Thursday. The stock’s 50 day moving average is $120.33 and its two-hundred day moving average is $95.86. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 28.60 and a beta of 1.04. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $137.30.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Transactions at Five Below

In other news, insider George Hill sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider directly owned 44,130 shares of the company’s stock, valued at $5,866,200.90. The trade was a 9.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the transaction, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $1,530,209 in the last three months. 1.90% of the stock is owned by corporate insiders.

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.