Cerity Partners LLC Cuts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Cerity Partners LLC trimmed its holdings in Five Below, Inc. (NASDAQ:FIVE) by 91.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,651 shares of the specialty retailer’s stock after selling 158,070 shares during the period. Cerity Partners LLC’s holdings in Five Below were worth $1,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Fifth Third Bancorp grew its stake in Five Below by 12.0% during 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 in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Five Below by 9.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 180 shares in the last quarter. Peloton Wealth Strategists grew its position in shares of Five Below by 3.0% during the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after purchasing an additional 200 shares in the last quarter. Partnership Wealth Management LLC increased its holdings in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Five Below by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after buying an additional 296 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on FIVE. The Goldman Sachs Group reduced their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group cut shares of Five Below from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $102.00 to $95.00 in a research note on Monday, November 25th. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.60.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $103.20 on Wednesday. The stock has a 50 day moving average price of $90.51 and a 200 day moving average price of $94.80. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.09 and a beta of 1.18. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18.

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.