Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,629 shares of the specialty retailer’s stock after selling 186 shares during the period. Janney Montgomery Scott LLC’s holdings in Five Below were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC raised its holdings in shares of Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. grew its position in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Five Below during the third quarter worth about $26,000. KBC Group NV lifted its holdings in Five Below by 23.7% in the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after acquiring an additional 312 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Five Below in the third quarter valued at approximately $30,000.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of research reports. Morgan Stanley increased their price target on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Mizuho increased their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 target price on shares of Five Below in a research note on Tuesday, January 14th. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.32.

Five Below Stock Down 2.5 %

Shares of Five Below stock opened at $93.78 on Friday. The business has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $89.98. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the company earned $0.26 EPS. Five Below’s revenue was up 14.6% on a year-over-year basis. Analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal 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.