Country Trust Bank Has $21.76 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Country Trust Bank lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,320 shares of the specialty retailer’s stock after selling 14,370 shares during the period. Country Trust Bank owned approximately 0.45% of Five Below worth $21,762,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FIVE. Chemistry Wealth Management LLC acquired a new stake in shares of Five Below during the third quarter worth approximately $277,000. SG Americas Securities LLC acquired a new stake in shares of Five Below during the third quarter worth approximately $501,000. Mattson Financial Services LLC acquired a new stake in shares of Five Below during the second quarter worth approximately $322,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Five Below during the second quarter worth approximately $111,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Five Below during the second quarter worth approximately $1,291,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Melius Research assumed coverage on shares of Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. Guggenheim dropped their price objective on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Citigroup decreased their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Finally, William Blair cut shares of Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus price target of $111.15.

Five Below Stock Performance

Shares of FIVE stock opened at $92.07 on Wednesday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The stock has a market cap of $5.07 billion, a PE ratio of 17.31, a PEG ratio of 1.06 and a beta of 1.21. The firm’s 50 day moving average price is $82.46 and its two-hundred day moving average price is $112.61.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, sell-side analysts predict that Five Below, Inc. will post 4.55 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.