Five Below, Inc. (NASDAQ:FIVE) is Tremblant Capital Group’s 8th Largest Position

Tremblant Capital Group decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 35.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,253 shares of the specialty retailer’s stock after selling 128,394 shares during the quarter. Five Below makes up approximately 5.0% of Tremblant Capital Group’s holdings, making the stock its 8th largest holding. Tremblant Capital Group owned 0.41% of Five Below worth $47,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Five Below by 1.0% in the 1st quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock valued at $1,005,079,000 after purchasing an additional 46,515 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Five Below by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock valued at $482,922,000 after purchasing an additional 259,012 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Five Below by 21.4% in the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after purchasing an additional 471,349 shares in the last quarter. State Street Corp lifted its position in Five Below by 0.6% during the 2nd quarter. State Street Corp now owns 1,466,046 shares of the specialty retailer’s stock worth $166,294,000 after acquiring an additional 8,651 shares in the last quarter. Finally, Morgan Stanley lifted its position in Five Below by 37.2% during the 4th quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock worth $187,196,000 after acquiring an additional 286,839 shares in the last quarter.

Five Below Trading Up 0.5 %

NASDAQ:FIVE opened at $161.50 on Friday. Five Below, Inc. has a 1-year low of $128.30 and a 1-year high of $220.19. The business’s fifty day moving average price is $190.96 and its 200 day moving average price is $194.87. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.37 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The firm had revenue of $759.00 million during the quarter, compared to the consensus estimate of $760.02 million. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that Five Below, Inc. will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on FIVE shares. Evercore ISI reduced their price target on Five Below from $195.00 to $190.00 and set an “in-line” rating on the stock in a research report on Friday. KeyCorp reduced their price target on Five Below from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Guggenheim reissued a “buy” rating and set a $220.00 price target on shares of Five Below in a research report on Friday, September 1st. Truist Financial reduced their price target on Five Below from $222.00 to $201.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. Finally, StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of “Moderate Buy” and a consensus price target of $216.86.

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 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.