Shell Asset Management Co. Has $538,000 Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Shell Asset Management Co. lessened its holdings in Five Below, Inc. (NASDAQ:FIVEGet Rating) by 12.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,395 shares of the specialty retailer’s stock after selling 503 shares during the period. Shell Asset Management Co.’s holdings in Five Below were worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. bought a new stake in shares of Five Below in the 4th quarter valued at approximately $140,494,000. Montrusco Bolton Investments Inc. grew its stake in shares of Five Below by 143.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 736,892 shares of the specialty retailer’s stock valued at $149,772,000 after buying an additional 434,703 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Five Below in the 4th quarter valued at approximately $38,395,000. TD Asset Management Inc. grew its stake in shares of Five Below by 149.0% in the 4th quarter. TD Asset Management Inc. now owns 112,996 shares of the specialty retailer’s stock valued at $23,378,000 after buying an additional 67,611 shares in the last quarter. Finally, Ampfield Management L.P. grew its stake in shares of Five Below by 49.6% in the 1st quarter. Ampfield Management L.P. now owns 195,884 shares of the specialty retailer’s stock valued at $31,022,000 after buying an additional 64,966 shares in the last quarter. Institutional investors and hedge funds own 99.20% of the company’s stock.

Wall Street Analyst Weigh In

FIVE has been the subject of several recent research reports. Morgan Stanley lowered their price target on Five Below from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. KeyCorp reduced their target price on Five Below from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Truist Financial reduced their target price on Five Below from $155.00 to $154.00 and set a “buy” rating for the company in a report on Thursday, June 9th. MKM Partners started coverage on Five Below in a report on Thursday, July 28th. They issued a “neutral” rating and a $115.00 target price for the company. Finally, Guggenheim reduced their target price on Five Below from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Five Below has an average rating of “Moderate Buy” and a consensus target price of $183.37.

Five Below Trading Down 0.8 %

FIVE opened at $132.75 on Wednesday. The stock has a market cap of $7.37 billion, a PE ratio of 28.49, a P/E/G ratio of 1.31 and a beta of 1.34. Five Below, Inc. has a 1 year low of $109.49 and a 1 year high of $237.86. The stock’s 50 day simple moving average is $123.96 and its 200-day simple moving average is $147.76.

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