Primecap Management Co. CA Reduces Position in Five Below, Inc. (NASDAQ:FIVE)

Primecap Management Co. CA reduced its stake in Five Below, Inc. (NASDAQ:FIVE) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,900 shares of the specialty retailer’s stock after selling 1,100 shares during the quarter. Primecap Management Co. CA’s holdings in Five Below were worth $1,188,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FIVE. Private Advisor Group LLC purchased a new position in Five Below in the 4th quarter valued at about $405,000. Principal Securities Inc. acquired a new position in shares of Five Below in the fourth quarter valued at approximately $61,000. BNP Paribas Financial Markets lifted its stake in shares of Five Below by 248.5% during the fourth quarter. BNP Paribas Financial Markets now owns 10,407 shares of the specialty retailer’s stock valued at $2,218,000 after buying an additional 7,421 shares during the period. Dimensional Fund Advisors LP boosted its position in Five Below by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 415,127 shares of the specialty retailer’s stock worth $88,490,000 after acquiring an additional 1,810 shares during the last quarter. Finally, Level Four Advisory Services LLC purchased a new stake in Five Below in the 4th quarter worth approximately $435,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp decreased their price objective on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Mizuho lowered Five Below from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $150.00 to $85.00 in a research note on Wednesday, July 17th. William Blair downgraded shares of Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company decreased their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Finally, Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Five Below has an average rating of “Hold” and a consensus price target of $109.63.

Five Below Price Performance

Shares of FIVE opened at $100.20 on Thursday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock’s 50-day moving average is $79.61 and its two-hundred day moving average is $124.04. The stock has a market cap of $5.52 billion, a PE ratio of 18.83, a P/E/G ratio of 0.99 and a beta of 1.21.

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.