Cetera Investment Advisers Sells 4,981 Shares of Five Below, Inc. $FIVE

Cetera Investment Advisers cut its holdings in Five Below, Inc. (NASDAQ:FIVE) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,720 shares of the specialty retailer’s stock after selling 4,981 shares during the quarter. Cetera Investment Advisers’ holdings in Five Below were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Five Below by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock worth $406,430,000 after acquiring an additional 376,932 shares during the last quarter. American Century Companies Inc. lifted its stake in Five Below by 494.5% in the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock valued at $88,042,000 after purchasing an additional 977,411 shares during the last quarter. Samlyn Capital LLC boosted its position in Five Below by 3.7% in the first quarter. Samlyn Capital LLC now owns 1,109,736 shares of the specialty retailer’s stock valued at $83,147,000 after buying an additional 39,375 shares in the last quarter. AQR Capital Management LLC boosted its position in Five Below by 433.1% in the first quarter. AQR Capital Management LLC now owns 770,626 shares of the specialty retailer’s stock valued at $54,668,000 after buying an additional 626,077 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Five Below by 4.8% during the second quarter. Stephens Investment Management Group LLC now owns 744,734 shares of the specialty retailer’s stock worth $97,694,000 after buying an additional 33,952 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Five Below from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday. Sanford C. Bernstein assumed coverage on Five Below in a research note on Wednesday, September 17th. They set a “market perform” rating and a $160.00 price target on the stock. Morgan Stanley boosted their price target on Five Below from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. upgraded shares of Five Below from a “neutral” rating to an “overweight” rating and set a $186.00 price objective for the company in a report on Monday, October 27th. Finally, Barclays set a $135.00 target price on shares of Five Below in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Five Below has an average rating of “Hold” and an average price target of $156.06.

Five Below Price Performance

Shares of FIVE stock opened at $166.00 on Friday. The stock has a market capitalization of $9.15 billion, a PE ratio of 33.60, a PEG ratio of 2.33 and a beta of 1.21. The business’s 50 day simple moving average is $154.28 and its 200 day simple moving average is $140.06. Five Below, Inc. has a one year low of $52.38 and a one year high of $168.98.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.20. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $988.91 million. During the same quarter last year, the business earned $0.54 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. As a group, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.