Five Below, Inc. (NASDAQ:FIVE) Holdings Trimmed by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,830 shares of the specialty retailer’s stock after selling 915 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in Five Below were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Janus Henderson Group PLC grew its holdings in Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after acquiring an additional 115 shares during the period. Fifth Third Bancorp boosted its position in shares of Five Below by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Five Below by 9.3% during the second 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 in the last quarter. McClarren Financial Advisors Inc. lifted its position in Five Below by 18,100.0% in the 1st quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock valued at $330,000 after acquiring an additional 181 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in Five Below by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,522 shares of the specialty retailer’s stock valued at $2,453,000 after acquiring an additional 200 shares in the last quarter.

Five Below Price Performance

Shares of NASDAQ:FIVE traded down $1.72 during trading on Friday, hitting $87.37. The company’s stock had a trading volume of 958,079 shares, compared to its average volume of 1,429,219. The company has a 50-day moving average of $88.33 and a 200-day moving average of $106.14. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last released its 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 company had revenue of $830.07 million during 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, research analysts anticipate that Five Below, Inc. will post 4.55 earnings per share for the current year.

Analyst Ratings Changes

FIVE has been the topic of several research reports. Citigroup cut their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Guggenheim lowered their price objective on shares of Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. The Goldman Sachs Group decreased their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Evercore ISI boosted their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Truist Financial reaffirmed a “hold” rating and set a $89.00 price target on shares of Five Below in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.60.

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.