Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 31.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,472 shares of the specialty retailer’s stock after selling 1,622 shares during the period. Gateway Investment Advisers LLC’s holdings in Five Below were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIVE. V Square Quantitative Management LLC purchased a new position in shares of Five Below during the 4th quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Five Below during the 1st quarter valued at $28,000. Quest Partners LLC purchased a new position in Five Below during the fourth quarter worth $37,000. Parallel Advisors LLC raised its holdings in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Five Below by 18,100.0% in the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock valued at $330,000 after acquiring an additional 181 shares in the last quarter.

Five Below Stock Performance

Five Below stock traded up $0.27 during trading on Friday, reaching $66.74. 1,349,516 shares of the company’s stock were exchanged, compared to its average volume of 1,310,491. The company’s 50-day moving average is $97.92 and its two-hundred day moving average is $144.93. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.87 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim dropped their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Telsey Advisory Group decreased their target price on shares of Five Below from $155.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, Truist Financial lowered Five Below from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $89.00 in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.37.

About Five Below

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.