Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 79.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 484 shares of the specialty retailer’s stock after selling 1,900 shares during the quarter. Assetmark Inc.’s holdings in Five Below were worth $43,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LRI Investments LLC bought a new stake in shares of Five Below in the first quarter worth $38,000. Paladin Wealth LLC bought a new stake in shares of Five Below in the 3rd quarter worth about $26,000. Partnership Wealth Management LLC raised 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 in the last quarter. Natixis bought a new position in shares of Five Below during the first quarter worth about $73,000. Finally, Hobbs Group Advisors LLC acquired a new position in Five Below in the second quarter worth about $44,000.

Five Below Trading Down 0.4 %

Shares of Five Below stock opened at $86.65 on Tuesday. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The stock has a market cap of $4.77 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company’s 50-day moving average price is $91.64 and its two-hundred day moving average price is $98.53.

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. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, equities analysts predict that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

FIVE has been the topic of several research reports. Citigroup cut their price objective 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. UBS Group dropped their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Craig Hallum increased their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Mizuho restated a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.40.

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.