Park Avenue Securities LLC Decreases Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Park Avenue Securities LLC trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 42.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,913 shares of the specialty retailer’s stock after selling 2,145 shares during the quarter. Park Avenue Securities LLC’s holdings in Five Below were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Five Below during the 4th quarter worth approximately $26,000. Goldman Sachs Group Inc. lifted its position in shares of Five Below by 12.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 336,872 shares of the specialty retailer’s stock worth $71,808,000 after purchasing an additional 36,449 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Five Below during the fourth quarter valued at $360,000. Somerset Trust Co grew its holdings in shares of Five Below by 7.7% in the first quarter. Somerset Trust Co now owns 4,060 shares of the specialty retailer’s stock worth $736,000 after purchasing an additional 291 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Five Below in the 1st quarter worth about $303,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FIVE shares. Citigroup dropped their target price 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. JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Evercore ISI dropped their price target on Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target (down previously from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Finally, Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.15.

Five Below Price Performance

Shares of FIVE stock opened at $93.40 on Monday. The business has a fifty day moving average of $83.75 and a 200 day moving average of $110.79. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. Five Below, Inc. has a 1 year low of $64.87 and a 1 year 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, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. As a group, equities research analysts expect that Five Below, Inc. will post 4.55 earnings per share for the current year.

Five Below 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.