Choreo LLC Cuts Stake in Five Below, Inc. (NASDAQ:FIVE)

Choreo LLC cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,970 shares of the specialty retailer’s stock after selling 785 shares during the period. Choreo LLC’s holdings in Five Below were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FIVE. Charles Schwab Investment Management Inc. raised its stake in shares of Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after buying an additional 180,902 shares during the period. National Bank of Canada FI grew its holdings in Five Below by 155.2% during the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Five Below in the 3rd quarter worth approximately $3,282,000. Algert Global LLC boosted its holdings in shares of Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after acquiring an additional 9,188 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price target on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Finally, Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.32.

Five Below Stock Performance

NASDAQ:FIVE opened at $88.72 on Friday. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The stock has a market cap of $4.88 billion, a PE ratio of 18.29, a P/E/G ratio of 1.26 and a beta of 1.12. The stock has a 50 day moving average price of $99.15 and a 200 day moving average price of $91.16.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

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.