Icon Wealth Advisors LLC Has $195,000 Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Icon Wealth Advisors LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 29.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,202 shares of the specialty retailer’s stock after selling 934 shares during the period. Icon Wealth Advisors LLC’s holdings in Five Below were worth $195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FIVE. Natixis acquired a new stake in Five Below during the 1st quarter worth $73,000. Advisors Asset Management Inc. grew its holdings in shares of Five Below by 19.1% in the 1st quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer’s stock valued at $438,000 after buying an additional 387 shares during the period. LRI Investments LLC acquired a new position in shares of Five Below in the 1st quarter valued at $38,000. Silvercrest Asset Management Group LLC grew its holdings 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 valued at $1,897,000 after buying an additional 773 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Five Below by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock valued at $5,473,000 after buying an additional 115 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Melius Research began coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. Telsey Advisory Group cut their price objective on shares of 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 objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below has an average rating of “Hold” and a consensus price target of $106.40.

Five Below Price Performance

Five Below stock opened at $86.92 on Monday. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.11, a P/E/G ratio of 0.92 and a beta of 1.20. The company’s 50-day moving average is $91.15 and its 200-day moving average is $96.82. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data 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 analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, analysts expect that Five Below, Inc. will post 4.57 EPS for the current 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.