Steward Partners Investment Advisory LLC Sells 5,732 Shares of Five Below, Inc. (NASDAQ:FIVE)

Steward Partners Investment Advisory LLC decreased its holdings in shares of Five Below, Inc. (NASDAQ:FIVEGet Rating) by 82.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,249 shares of the specialty retailer’s stock after selling 5,732 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Five Below were worth $198,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIVE. 1832 Asset Management L.P. bought a new position in shares of Five Below in the fourth quarter valued at approximately $140,494,000. Montrusco Bolton Investments Inc. increased its holdings in shares of Five Below by 143.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 736,892 shares of the specialty retailer’s stock valued at $149,772,000 after purchasing an additional 434,703 shares in the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $38,395,000. CWM LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $15,711,000. Finally, TD Asset Management Inc. increased its holdings in shares of Five Below by 149.0% in the fourth quarter. TD Asset Management Inc. now owns 112,996 shares of the specialty retailer’s stock valued at $23,378,000 after purchasing an additional 67,611 shares in the last quarter. Institutional investors own 99.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIVE. Truist Financial lowered their price target on shares of Five Below from $155.00 to $154.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Guggenheim lowered their price target on shares of Five Below from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Morgan Stanley lowered their target price on shares of Five Below from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Craig Hallum lowered their target price on shares of Five Below from $230.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Finally, Citigroup lowered their target price on shares of Five Below from $205.00 to $187.00 and set a “buy” rating for the company in a report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $183.37.

Five Below Stock Up 0.9 %

Shares of FIVE stock opened at $127.07 on Monday. Five Below, Inc. has a 12-month low of $109.49 and a 12-month high of $237.86. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34. The firm has a fifty day moving average of $123.25 and a 200-day moving average of $148.35.

Five Below (NASDAQ:FIVEGet Rating) last posted its quarterly earnings data on Wednesday, June 8th. The specialty retailer reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $639.60 million for the quarter, compared to analysts’ expectations of $652.73 million. Five Below had a net margin of 9.06% and a return on equity of 24.53%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Research analysts expect that Five Below, Inc. will post 4.91 earnings per share for the current year.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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