Mutual of America Capital Management LLC Trims Holdings in Five Below, Inc. (NASDAQ:FIVE)

Mutual of America Capital Management LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 40.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,312 shares of the specialty retailer’s stock after selling 18,853 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Five Below worth $2,121,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in shares of Five Below during the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC grew its holdings in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 253 shares during the period. Bessemer Group Inc. grew its holdings in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 353 shares during the period. UMB Bank n.a. grew its holdings in shares of Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 206 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Five Below during the 4th quarter worth approximately $99,000.

Insiders Place Their Bets

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider owned 25,890 shares of the company’s stock, valued at $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric M. Specter sold 5,500 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the sale, the chief accounting officer directly owned 55,854 shares of the company’s stock, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,700 shares of company stock worth $1,530,209. Company insiders own 1.90% of the company’s stock.

Five Below Stock Up 0.2%

Shares of FIVE stock opened at $139.97 on Friday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 29.34 and a beta of 1.04. The company’s 50 day moving average is $122.50 and its 200 day moving average is $96.29. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $141.42.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on FIVE. Wall Street Zen raised Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. The Goldman Sachs Group upped their price objective on Five Below from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Evercore ISI upped their price objective on Five Below from $115.00 to $120.00 and gave the company an “in-line” rating in a research report on Tuesday, June 24th. Telsey Advisory Group upped their price objective on Five Below from $90.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, June 4th. Finally, Truist Financial upped their price objective on Five Below from $81.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.11.

About Five Below

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.