Envestnet Asset Management Inc. Decreases Stake in Five Below, Inc. (NASDAQ:FIVE)

Envestnet Asset Management Inc. trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,102 shares of the specialty retailer’s stock after selling 11,073 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Five Below were worth $23,549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FIVE. Norges Bank purchased a new stake in Five Below during the fourth quarter worth $68,825,000. Corient Private Wealth LLC boosted its position in Five Below by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 30,838 shares of the specialty retailer’s stock worth $6,573,000 after purchasing an additional 1,283 shares in the last quarter. Quest Partners LLC purchased a new stake in Five Below during the fourth quarter worth $37,000. Neuberger Berman Group LLC boosted its position in Five Below by 1.7% during the fourth quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after purchasing an additional 76 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in 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 worth $245,340,000 after purchasing an additional 9,837 shares in the last quarter.

Analyst Ratings Changes

FIVE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $89.00 to $95.00 in a research report on Thursday. Citigroup reduced their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Barclays downgraded Five Below from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. Evercore ISI reduced their price objective on Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Finally, Guggenheim reduced their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Two equities research 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’s stock. Based on data from MarketBeat.com, Five Below presently has an average rating of “Hold” and an average price target of $109.95.

Five Below Stock Down 2.6 %

NASDAQ:FIVE opened at $95.41 on Monday. The business’s 50 day moving average is $79.31 and its two-hundred day moving average is $121.77. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The company has a market cap of $5.25 billion, a PE ratio of 17.93, a P/E/G ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. As a group, sell-side analysts expect that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

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.