Capital World Investors Sells 239,220 Shares of Five Below, Inc. (NASDAQ:FIVE)

Capital World Investors trimmed its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,364,180 shares of the specialty retailer's stock after selling 239,220 shares during the period. Capital World Investors owned about 2.48% of Five Below worth $143,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP lifted its holdings in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the period. Norges Bank purchased a new position in shares of Five Below in the 4th quarter worth about $66,933,000. Alliancebernstein L.P. increased its holdings in Five Below by 487.0% during the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock worth $59,480,000 after buying an additional 470,150 shares during the last quarter. American Century Companies Inc. grew its position in shares of Five Below by 869.2% during the 4th quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer's stock valued at $20,747,000 after acquiring an additional 177,269 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in shares of Five Below by 39.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer's stock worth $64,904,000 after purchasing an additional 175,131 shares during the last quarter.

Five Below Trading Down 0.9 %

FIVE stock traded down $0.68 during midday trading on Friday, hitting $75.39. The company had a trading volume of 1,503,681 shares, compared to its average volume of 1,979,372. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $151.95. The stock's 50 day moving average price is $74.41 and its 200 day moving average price is $88.39.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. During the same period in the prior year, the business posted $3.65 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. Analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial dropped their price objective on Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. Bank of America dropped their price objective on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a report on Thursday, March 20th. DA Davidson lowered their price target on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho reduced their price objective on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Five Below has an average rating of "Hold" and a consensus target price of $94.30.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

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.