Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in Five Below, Inc. (NASDAQ:FIVE) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,819 shares of the specialty retailer’s stock after selling 3,958 shares during the quarter. Envestnet Asset Management Inc. owned about 0.21% of Five Below worth $8,528,000 as of its most recent SEC filing.

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

Five Below Stock Performance

NASDAQ:FIVE opened at $139.92 on Tuesday. The firm’s fifty day moving average is $122.50 and its two-hundred day moving average is $96.27. Five Below, Inc. has a one year low of $52.38 and a one year high of $142.13. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 29.33 and a beta of 1.04.

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

Insider Buying and Selling at Five Below

In other news, insider George Hill sold 4,500 shares of Five Below stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider owned 44,130 shares of the company’s stock, valued at $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,200 shares of company stock worth $1,740,209. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial increased their price target on Five Below from $81.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, June 2nd. UBS Group upped their price objective on Five Below from $110.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, June 5th. Wall Street Zen raised Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. DA Davidson reduced their target price on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company upped their price objective on Five Below from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $119.00.

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.