Swiss National Bank Sells 1,100 Shares of Five Below, Inc. (NASDAQ:FIVE)

Swiss National Bank reduced its position in Five Below, Inc. (NASDAQ:FIVE) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,559 shares of the specialty retailer’s stock after selling 1,100 shares during the quarter. Swiss National Bank’s holdings in Five Below were worth $9,503,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Natixis bought a new position in shares of Five Below during the first quarter valued at approximately $73,000. Advisors Asset Management Inc. lifted its holdings in Five Below by 19.1% during the first quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer’s stock worth $438,000 after buying an additional 387 shares during the period. LRI Investments LLC purchased a new position in shares of Five Below in the 1st quarter valued at $38,000. Silvercrest Asset Management Group LLC raised its position in shares of Five Below by 8.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,456 shares of the specialty retailer’s stock worth $1,897,000 after acquiring an additional 773 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after purchasing an additional 115 shares during the last quarter.

Wall Street Analyst Weigh In

FIVE has been the topic of several analyst reports. Truist Financial lifted their target price on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Melius Research began coverage on shares of Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Citigroup cut their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Finally, Telsey Advisory Group decreased their price objective on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.40.

Five Below Price Performance

NASDAQ:FIVE opened at $86.92 on Monday. The company’s fifty day moving average price is $91.15 and its 200-day moving average price is $96.82. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The firm has a market capitalization of $4.78 billion, a P/E ratio of 17.11, a PEG ratio of 0.92 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for 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%. Equities analysts anticipate that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

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.