Wealth Enhancement Advisory Services LLC Has $374,000 Stake in Five Below, Inc. (NASDAQ:FIVE)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 26.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,236 shares of the specialty retailer’s stock after selling 1,562 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Five Below were worth $374,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in Five Below by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares during the last quarter. Capital World Investors grew its holdings in Five Below by 2.5% in the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after buying an additional 58,883 shares during the last quarter. Riverbridge Partners LLC grew its holdings in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after buying an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after buying an additional 207,083 shares during the last quarter.

Five Below Stock Performance

NASDAQ FIVE opened at $86.28 on Friday. The stock has a fifty day moving average of $90.70 and a 200-day moving average of $101.44. The stock has a market capitalization of $4.75 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Equities research analysts forecast that Five Below, Inc. will post 4.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $79.00 price objective (down previously from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Morgan Stanley downgraded Five Below from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Citigroup reduced their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. UBS Group reduced their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Barclays downgraded Five Below from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $176.00 to $90.00 in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $106.40.

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.