Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 782,805 shares of the specialty retailer’s stock after selling 117,925 shares during the quarter. Ameriprise Financial Inc. owned 1.42% of Five Below worth $82,163,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Marshall Wace LLP increased its stake in Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares in the last quarter. Norges Bank purchased a new stake in shares of Five Below in the fourth quarter valued at $66,933,000. Alliancebernstein L.P. boosted its position in shares of Five Below by 487.0% in the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock worth $59,480,000 after buying an additional 470,150 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Five Below during the fourth quarter valued at $44,727,000. Finally, Candlestick Capital Management LP acquired a new position in Five Below during the fourth quarter valued at $33,163,000.

Five Below Trading Up 4.6 %

FIVE opened at $85.97 on Friday. The stock has a market cap of $4.73 billion, a PE ratio of 17.73, a P/E/G ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $145.00. The stock’s 50 day simple moving average is $72.99 and its 200-day simple moving average is $87.58.

Five Below (NASDAQ:FIVE) last released 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. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.65 EPS. Equities analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was 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 approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FIVE. Telsey Advisory Group upped their target price on Five Below from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Friday, May 2nd. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Loop Capital upped their price target on shares of Five Below from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Monday. UBS Group lowered their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Bank of America cut their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.25.

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.