Kensington Investment Counsel LLC Sells 947 Shares of Five Below, Inc. (NASDAQ:FIVE)

Kensington Investment Counsel LLC trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,807 shares of the specialty retailer’s stock after selling 947 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Five Below were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. XTX Topco Ltd lifted its stake in Five Below by 542.2% in the third quarter. XTX Topco Ltd now owns 21,836 shares of the specialty retailer’s stock valued at $1,929,000 after purchasing an additional 18,436 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares during the period. Empirical Capital Management LLC purchased a new position in shares of Five Below during the 3rd quarter valued at $2,651,000. Wellington Management Group LLP lifted its position in shares of Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after buying an additional 356,776 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of Five Below during the 3rd quarter valued at $64,981,000.

Analyst Upgrades and Downgrades

FIVE has been the topic of several recent research reports. Citigroup upped their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday. UBS Group lowered their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Mizuho increased their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.15.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $112.73 on Friday. The company’s fifty day moving average price is $91.79 and its 200-day moving average price is $94.37. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.16 and a beta of 1.18. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

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.