AQR Capital Management LLC Decreases Holdings in Five Below, Inc. (NASDAQ:FIVE)

AQR Capital Management LLC decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 11.3% in the second quarter, Holdings Channel reports. The fund owned 270,387 shares of the specialty retailer’s stock after selling 34,343 shares during the quarter. AQR Capital Management LLC’s holdings in Five Below were worth $29,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Price T Rowe Associates Inc. MD lifted its stake in shares of Five Below by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after purchasing an additional 38,419 shares during the last quarter. Capital World Investors lifted its position in Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after buying an additional 58,883 shares during the last quarter. Wasatch Advisors LP boosted its stake in Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after buying an additional 37,797 shares during the period. Riverbridge Partners LLC boosted its stake in Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after buying an additional 72,020 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the subject of several analyst reports. Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Craig Hallum upgraded Five Below from a “hold” rating to a “buy” rating and dropped their price objective for the company from $108.00 to $102.00 in a report on Thursday, August 29th. Finally, Bank of America increased their target price on Five Below from $87.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Five Below has an average rating of “Hold” and an average target price of $110.00.

Five Below Stock Performance

NASDAQ FIVE opened at $92.59 on Monday. The company has a market cap of $5.10 billion, a PE ratio of 17.40, a P/E/G ratio of 1.06 and a beta of 1.21. The firm’s 50 day moving average price is $80.06 and its 200-day moving average price is $117.81. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, analysts forecast that Five Below, Inc. will post 4.55 earnings per share 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.