Park Place Capital Corp Sells 202 Shares of Five Below, Inc. (NASDAQ:FIVE)

Park Place Capital Corp cut its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 405 shares of the specialty retailer’s stock after selling 202 shares during the period. Park Place Capital Corp’s holdings in Five Below were worth $44,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after purchasing an additional 38,419 shares during the last quarter. Capital World Investors boosted its position in Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after purchasing an additional 58,883 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after buying an additional 37,797 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Five Below by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after buying an additional 9,837 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of 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 buying an additional 14,048 shares during the last quarter.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $0.83 during midday trading on Friday, reaching $69.19. The company’s stock had a trading volume of 1,490,529 shares, compared to its average volume of 2,705,719. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.87 and a beta of 1.19. The firm has a 50 day moving average price of $104.69 and a two-hundred day moving average price of $148.90. Five Below, Inc. has a fifty-two week low of $67.11 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. As a group, research analysts anticipate that Five Below, Inc. will post 4.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. Telsey Advisory Group lowered their price objective on Five Below from $155.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Loop Capital lowered their price objective on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, June 7th. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Finally, Bank of America lowered their price objective on Five Below from $125.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.89.

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.