Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Five Below, Inc. (NASDAQ:FIVE) by 30.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,560 shares of the specialty retailer’s stock after selling 55,722 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Five Below worth $11,358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FIVE. Paladin Wealth LLC acquired a new position in Five Below in the third quarter valued at approximately $26,000. Partnership Wealth Management LLC lifted its stake in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 300 shares during the period. LRI Investments LLC purchased a new stake in Five Below during the first quarter worth $38,000. Hobbs Group Advisors LLC acquired a new stake in Five Below during the second quarter valued at $44,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Five Below in the second quarter valued at $50,000.

Five Below Stock Performance

NASDAQ:FIVE opened at $87.02 on Monday. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The stock has a market cap of $4.79 billion, a PE ratio of 17.13, a P/E/G ratio of 0.96 and a beta of 1.20. The stock has a 50 day moving average price of $91.59 and a 200 day moving average price of $98.93.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. As a group, analysts predict that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho reissued a “neutral” rating and set a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Truist Financial increased their price target on Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. UBS Group reduced their target price on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Telsey Advisory Group decreased their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup cut their price target 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. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Five Below currently has a consensus rating of “Hold” and an average target price 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.