Commonwealth Equity Services LLC Cuts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Commonwealth Equity Services LLC trimmed its position in Five Below, Inc. (NASDAQ:FIVE) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,734 shares of the specialty retailer’s stock after selling 569 shares during the period. Commonwealth Equity Services LLC’s holdings in Five Below were worth $407,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FIVE. Neuberger Berman Group LLC increased its position in Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after purchasing an additional 76 shares during the period. Parallel Advisors LLC boosted its stake in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Five Below by 0.4% during the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after acquiring an additional 115 shares during the period. V Square Quantitative Management LLC purchased a new position in Five Below in the fourth quarter worth $26,000. Finally, Fifth Third Bancorp lifted its holdings in Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 147 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on FIVE. The Goldman Sachs Group reduced their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Telsey Advisory Group reduced their price objective on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Barclays lowered Five Below from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $176.00 to $90.00 in a report on Wednesday, July 17th. Finally, Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.95.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $95.41 on Monday. The business’s 50-day simple moving average is $79.31 and its 200-day simple moving average is $121.77. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. As a group, equities research analysts forecast that Five Below, Inc. will post 4.55 earnings per share for the current 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.