Crestwood Capital Management L.P. Sells 104,000 Shares of Five Below, Inc. (NASDAQ:FIVE)

Crestwood Capital Management L.P. cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 85.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,102 shares of the specialty retailer’s stock after selling 104,000 shares during the period. Five Below comprises approximately 1.2% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 14th biggest position. Crestwood Capital Management L.P.’s holdings in Five Below were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Advisors Asset Management Inc. lifted its stake in Five Below by 19.1% during the first quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 387 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Five Below by 8.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 10,456 shares of the specialty retailer’s stock worth $1,897,000 after buying an additional 773 shares in the last quarter. Janus Henderson Group PLC increased its holdings 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. Dynasty Wealth Management LLC acquired a new position in shares of Five Below during the first quarter worth $227,000. Finally, Motley Fool Asset Management LLC acquired a new position in shares of Five Below during the first quarter worth $622,000.

Five Below Trading Up 5.4 %

FIVE stock opened at $91.61 on Tuesday. The stock has a 50-day moving average price of $91.01 and a 200-day moving average price of $96.46. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The firm has a market cap of $5.04 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20.

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, hitting the consensus estimate of $0.54. The firm had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, analysts forecast that Five Below, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Truist Financial upped their price target on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Finally, KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.05.

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.