Sei Investments Co. Sells 11,729 Shares of Five Below, Inc. (NASDAQ:FIVE)

Sei Investments Co. lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 180,593 shares of the specialty retailer’s stock after selling 11,729 shares during the period. Sei Investments Co.’s holdings in Five Below were worth $18,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Gradient Investments LLC boosted its holdings in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after buying an additional 111 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in Five Below by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after acquiring an additional 162 shares during the last quarter. UMB Bank n.a. boosted its stake in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Five Below during the 3rd quarter valued at approximately $30,000. Finally, Amalgamated Bank increased its stake in shares of Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock worth $2,814,000 after purchasing an additional 388 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. William Blair reissued a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Loop Capital cut their price target on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Telsey Advisory Group lowered their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Finally, Craig Hallum boosted their price target on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $102.16.

Insider Transactions at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Five Below Price Performance

Shares of FIVE opened at $79.36 on Friday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $184.77. The company has a market capitalization of $4.37 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.19 and a beta of 1.11. The firm’s 50 day simple moving average is $86.40 and its 200 day simple moving average is $92.57.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $3.65 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current 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.