Tiverton Asset Management LLC Sells 419 Shares of Five Below Inc (NASDAQ:FIVE)

Tiverton Asset Management LLC reduced its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,887 shares of the specialty retailer’s stock after selling 419 shares during the period. Tiverton Asset Management LLC’s holdings in Five Below were worth $347,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Optimum Investment Advisors purchased a new position in Five Below in the 1st quarter worth approximately $31,000. Shine Investment Advisory Services Inc. increased its holdings in shares of Five Below by 73.3% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 129 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Five Below in the 1st quarter worth $60,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Five Below in the second quarter worth $66,000. Finally, Carroll Financial Associates Inc. raised its stake in shares of Five Below by 18.7% in the second quarter. Carroll Financial Associates Inc. now owns 584 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 92 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ FIVE traded up $0.79 on Wednesday, reaching $132.05. 17,303 shares of the stock were exchanged, compared to its average volume of 1,157,871. Five Below Inc has a one year low of $86.57 and a one year high of $148.21. The firm has a market capitalization of $7.09 billion, a PE ratio of 51.45, a PEG ratio of 1.64 and a beta of 0.59. The company’s 50-day simple moving average is $116.45 and its two-hundred day simple moving average is $125.06. The company has a current ratio of 1.98, a quick ratio of 1.09 and a debt-to-equity ratio of 1.08.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $421.38 million. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The company’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Sell-side analysts forecast that Five Below Inc will post 3.04 earnings per share for the current fiscal year.

Several equities research analysts recently commented on FIVE shares. Royal Bank of Canada increased their price objective on Five Below from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Barclays restated a “neutral” rating on shares of Five Below in a research note on Friday, August 30th. Bank of America set a $150.00 price target on shares of Five Below and gave the stock a “buy” rating in a research note on Monday, August 12th. ValuEngine raised shares of Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Finally, UBS Group lowered their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Five Below presently has a consensus rating of “Buy” and a consensus price target of $137.22.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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