Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,009 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Five Below were worth $1,149,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in shares of Five Below by 0.4% during the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after buying an additional 115 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter worth approximately $26,000. Fifth Third Bancorp increased its position in shares of Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 147 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Five Below in the 1st quarter valued at $28,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 180 shares during the last quarter.

Analyst Ratings Changes

FIVE has been the topic of several recent analyst reports. Citigroup dropped their target price on Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Gordon Haskett lowered Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley downgraded Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut shares of Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Finally, Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $111.15.

Five Below Trading Up 2.0 %

Shares of FIVE stock opened at $93.40 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The business’s 50 day moving average is $83.75 and its two-hundred day moving average is $111.76. The company has a market capitalization of $5.14 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, equities analysts predict 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.