Riverbridge Partners LLC Lowers Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Riverbridge Partners LLC decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,202,751 shares of the specialty retailer’s stock after selling 100,905 shares during the period. Five Below comprises 1.7% of Riverbridge Partners LLC’s investment portfolio, making the stock its 18th biggest position. Riverbridge Partners LLC owned approximately 2.19% of Five Below worth $126,241,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Atreides Management LP purchased a new position in shares of Five Below in the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. increased its position in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Five Below during the 3rd quarter worth approximately $64,981,000. Holocene Advisors LP purchased a new position in shares of Five Below during the 3rd quarter valued at approximately $38,829,000. Finally, Wellington Management Group LLP grew its stake in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares during the period.

Five Below Trading Down 3.2 %

Shares of FIVE opened at $92.77 on Thursday. The company’s 50-day moving average price is $99.51 and its 200 day moving average price is $90.35. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The firm has a market cap of $5.10 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Truist Financial increased their target price on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Citigroup raised their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Guggenheim boosted their price target on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Barclays raised their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.75.

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.