Kensington Investment Counsel LLC Lowers Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Kensington Investment Counsel LLC lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 25.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,043 shares of the specialty retailer’s stock after selling 2,764 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Five Below were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $30,000. Proficio Capital Partners LLC purchased a new stake in shares of Five Below during the 4th quarter worth approximately $31,000. UMB Bank n.a. boosted its stake in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 558 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho boosted their price target on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Loop Capital upped their target price on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group upped their target price on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley upped their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Barclays upped their target price on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.32.

Five Below Stock Up 1.9 %

FIVE stock opened at $74.37 on Tuesday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.19 and a beta of 1.11. The business has a fifty day simple moving average of $89.81 and a 200-day simple moving average of $92.76. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $209.79.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

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.