Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,202,751 shares of the specialty retailer’s stock after selling 100,905 shares during the period. Five Below accounts for approximately 1.7% of Riverbridge Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Riverbridge Partners LLC’s holdings in Five Below were worth $126,241,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd purchased a new stake in shares of Five Below during the 4th quarter worth approximately $3,407,000. UMB Bank n.a. raised its stake in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Five Below in the fourth quarter valued at $241,000. Chemistry Wealth Management LLC boosted its stake in Five Below by 43.3% in the fourth quarter. Chemistry Wealth Management LLC now owns 4,498 shares of the specialty retailer’s stock valued at $472,000 after acquiring an additional 1,359 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer’s stock worth $2,655,000 after purchasing an additional 22,102 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on FIVE shares. Mizuho boosted their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Guggenheim raised their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $115.75.

Five Below Stock Performance

NASDAQ:FIVE opened at $92.77 on Thursday. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $212.01. The stock has a fifty day moving average price of $99.51 and a two-hundred day moving average price of $90.35. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.31 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.