Five Below, Inc. (NASDAQ:FIVE) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 96.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 33,798 shares of the specialty retailer’s stock after selling 956,214 shares during the quarter. William Blair Investment Management LLC owned about 0.06% of Five Below worth $3,683,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Junto Capital Management LP bought a new stake in shares of Five Below in the 4th quarter worth $73,472,000. Norges Bank bought a new stake in shares of Five Below in the 4th quarter worth $68,825,000. Jennison Associates LLC bought a new stake in shares of Five Below in the 1st quarter worth $25,114,000. Riverbridge Partners LLC raised its position in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares during the period. Finally, Capital World Investors raised its position in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp cut their target price on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on Five Below from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. UBS Group lowered their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Citigroup lowered their target price on 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, Bank of America upped their price target on Five Below from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.63.

Five Below Price Performance

Five Below stock opened at $98.92 on Tuesday. The company has a market capitalization of $5.45 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The business has a 50 day simple moving average of $79.62 and a 200 day simple moving average of $124.74. Five Below, Inc. has a one year low of $64.87 and a one year 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.