Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,184 shares of the specialty retailer’s stock after selling 6,557 shares during the period. Sei Investments Co. owned approximately 0.41% of Five Below worth $40,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Management Ltd. purchased a new position in shares of Five Below during the fourth quarter worth $3,192,000. International Assets Investment Management LLC purchased a new position in shares of Five Below during the fourth quarter worth $3,726,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Five Below by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after purchasing an additional 11,073 shares during the last quarter. Desjardins Global Asset Management Inc. purchased a new position in Five Below in the fourth quarter valued at $2,783,000. Finally, BNP Paribas Financial Markets increased its holdings in Five Below by 30.4% in the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after buying an additional 3,166 shares in the last quarter.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $3.22 during trading hours on Monday, reaching $100.00. The stock had a trading volume of 2,049,305 shares, compared to its average volume of 1,085,431. Five Below, Inc. has a 1 year low of $98.52 and a 1 year high of $216.18. The firm’s 50 day moving average is $123.10 and its 200-day moving average is $161.82. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.19 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of Five Below from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $215.00 to $170.00 in a report on Tuesday, April 23rd. Craig Hallum cut their price objective on shares of Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Telsey Advisory Group dropped their target price on shares of Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Gordon Haskett lowered shares of Five Below from a “buy” rating to an “accumulate” rating and dropped their target price for the company from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Finally, Loop Capital lowered their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

About Five Below

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.