Handelsinvest Investeringsforvaltning Cuts Position in Five Below, Inc. (NASDAQ:FIVE)

Handelsinvest Investeringsforvaltning decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 34.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,192 shares of the specialty retailer’s stock after selling 618 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Five Below were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP grew its holdings in shares of Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after buying an additional 37,797 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after buying an additional 9,837 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Five Below by 2.2% during the fourth quarter. Clearbridge Investments LLC now owns 655,176 shares of the specialty retailer’s stock valued at $139,657,000 after buying an additional 14,048 shares during the last quarter. Giverny Capital Inc. grew its holdings in shares of Five Below by 1.5% during the fourth quarter. Giverny Capital Inc. now owns 654,098 shares of the specialty retailer’s stock valued at $139,428,000 after buying an additional 9,532 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Five Below by 10.6% during the third quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock valued at $67,514,000 after buying an additional 40,363 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FIVE shares. JPMorgan Chase & Co. cut shares of Five Below from an “overweight” rating to a “neutral” rating and cut their price target for the company from $215.00 to $170.00 in a report on Tuesday, April 23rd. Guggenheim dropped their target price on shares of Five Below from $230.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Craig Hallum dropped their target price on shares of Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Five Below from $201.00 to $177.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, Bank of America restated a “neutral” rating and issued a $125.00 target price on shares of Five Below in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.50.

Five Below Stock Performance

FIVE opened at $108.47 on Thursday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.26 and a beta of 1.19. The company has a fifty day moving average of $129.00 and a 200 day moving average of $166.85. Five Below, Inc. has a fifty-two week low of $104.80 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. On average, equities research analysts forecast that Five Below, Inc. will post 5.2 earnings per share 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.