CreativeOne Wealth LLC Sells 1,323 Shares of Five Below, Inc. (NASDAQ:FIVE)

CreativeOne Wealth LLC cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 50.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,306 shares of the specialty retailer’s stock after selling 1,323 shares during the quarter. CreativeOne Wealth LLC’s holdings in Five Below were worth $278,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quest Partners LLC bought a new position in Five Below in the fourth quarter valued at approximately $37,000. Trexquant Investment LP acquired a new position in Five Below during the fourth quarter worth $10,510,000. Corient Private Wealth LLC raised its position in Five Below by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 30,838 shares of the specialty retailer’s stock worth $6,573,000 after acquiring an additional 1,283 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Five Below by 2.2% in the fourth quarter. Clearbridge Investments LLC now owns 655,176 shares of the specialty retailer’s stock valued at $139,657,000 after acquiring an additional 14,048 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of Five Below by 35.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,145 shares of the specialty retailer’s stock worth $884,000 after purchasing an additional 1,084 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FIVE shares. JPMorgan Chase & Co. downgraded Five Below from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $215.00 to $170.00 in a research report on Tuesday, April 23rd. Oppenheimer cut shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $235.00 to $200.00 in a research report on Tuesday, January 30th. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Barclays cut their target price on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Morgan Stanley decreased their price target on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Price Performance

NASDAQ:FIVE traded up $3.39 during mid-day trading on Friday, reaching $132.99. The stock had a trading volume of 1,118,625 shares, compared to its average volume of 855,144. Five Below, Inc. has a 12 month low of $128.64 and a 12 month high of $216.18. The stock has a market capitalization of $7.35 billion, a PE ratio of 24.54, a P/E/G ratio of 1.04 and a beta of 1.21. The stock has a 50-day simple moving average of $156.30 and a two-hundred day simple moving average of $180.63.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. Five Below’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.07 earnings per share. Equities analysts expect that Five Below, Inc. will post 6.04 EPS 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.