Victory Capital Management Inc. Cuts Holdings in Five Below, Inc. $FIVE

Victory Capital Management Inc. lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 29.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,923 shares of the specialty retailer’s stock after selling 54,440 shares during the quarter. Victory Capital Management Inc. owned 0.24% of Five Below worth $20,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FIVE. CI Investments Inc. lifted its stake in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Five Below by 148.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 4,536 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 2,713 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in Five Below in the 3rd quarter worth approximately $978,000. American Century Companies Inc. lifted its position in Five Below by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock worth $289,771,000 after buying an additional 332,615 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in Five Below in the third quarter worth approximately $46,000.

Five Below Stock Performance

Shares of Five Below stock opened at $219.82 on Tuesday. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $229.33. The company’s 50 day moving average price is $203.45 and its 200-day moving average price is $174.15. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 1.65 and a beta of 1.10.

Wall Street Analyst Weigh In

FIVE has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Five Below from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $206.00 price objective on shares of Five Below in a research note on Monday, February 9th. Wells Fargo & Company increased their target price on shares of Five Below from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of Five Below from $246.00 to $259.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Truist Financial set a $236.00 price target on shares of Five Below in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Five Below presently has an average rating of “Moderate Buy” and an average price target of $204.85.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the sale, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kenneth R. Bull sold 1,925 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $202.29, for a total value of $389,408.25. Following the transaction, the chief operating officer directly owned 99,115 shares of the company’s stock, valued at $20,049,973.35. The trade was a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,225 shares of company stock valued at $4,901,695 over the last three months. Company insiders own 1.90% of the company’s stock.

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.