Amalgamated Bank Sells 5,283 Shares of Five Below, Inc. (NASDAQ:FIVE)

Amalgamated Bank decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,420 shares of the specialty retailer’s stock after selling 5,283 shares during the quarter. Amalgamated Bank’s holdings in Five Below were worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its position in shares of 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. Marshall Wace LLP raised its stake in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after acquiring an additional 207,083 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after purchasing an additional 167,330 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after buying an additional 108,243 shares during the period. Finally, Riverbridge Partners LLC grew its position in shares of Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares in the last quarter.

Five Below Stock Down 3.8 %

Shares of NASDAQ:FIVE opened at $83.00 on Tuesday. The firm has a fifty day simple moving average of $90.86 and a two-hundred day simple moving average of $100.64. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The stock has a market capitalization of $4.57 billion, a P/E ratio of 16.34, a PEG ratio of 0.95 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. On average, analysts expect that Five Below, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FIVE. Telsey Advisory Group decreased their price target on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Guggenheim cut their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Evercore ISI increased their price objective on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Five Below presently has a consensus rating of “Hold” and an average price target of $106.40.

Five Below 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.