Victory Capital Management Inc. Trims Position in Five Below, Inc. (NASDAQ:FIVE)

Victory Capital Management Inc. decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 34.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,522 shares of the specialty retailer’s stock after selling 8,190 shares during the quarter. Victory Capital Management Inc.’s holdings in Five Below were worth $1,371,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FIVE. Riverbridge Partners LLC raised its holdings in Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period. Point72 Asset Management L.P. grew its position in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Marshall Wace LLP raised its stake in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after purchasing an additional 167,330 shares in the last quarter. Finally, Pacifica Capital Investments LLC boosted its stake in Five Below by 4.8% in the 2nd quarter. Pacifica Capital Investments LLC now owns 497,488 shares of the specialty retailer’s stock worth $54,211,000 after purchasing an additional 22,960 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, November 7th. Citigroup dropped their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Truist Financial raised their price objective on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. Finally, Evercore ISI raised their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $106.05.

Five Below Trading Up 5.4 %

NASDAQ:FIVE opened at $91.61 on Tuesday. The stock has a fifty day simple moving average of $91.01 and a 200-day simple moving average of $96.46. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million during 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, equities research analysts predict that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

About Five Below

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.