Five Below, Inc. (NASDAQ:FIVE) Holdings Lowered by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Five Below, Inc. by 7.6% during Q1, owning 49,751 shares worth approximately $3.73 million.
• Several analysts have raised their target prices for Five Below, with UBS Group setting a new target at $160.00 and JPMorgan Chase at $154.00, indicating a general optimism about the company's stock performance.
• Five Below reported a quarterly earnings increase, posting $0.86 earnings per share, which exceeds analysts' expectations and reflects a 19.5% year-over-year revenue growth.

Blair William & Co. IL reduced its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,751 shares of the specialty retailer's stock after selling 4,117 shares during the period. Blair William & Co. IL owned approximately 0.09% of Five Below worth $3,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FIVE. Federated Hermes Inc. lifted its stake in shares of Five Below by 36.8% in the 4th quarter. Federated Hermes Inc. now owns 5,620 shares of the specialty retailer's stock valued at $590,000 after purchasing an additional 1,511 shares in the last quarter. Cerity Partners LLC lifted its position in Five Below by 36.4% during the 4th quarter. Cerity Partners LLC now owns 21,349 shares of the specialty retailer's stock worth $2,204,000 after acquiring an additional 5,698 shares in the last quarter. Bank of Montreal Can lifted its position in Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after acquiring an additional 123 shares in the last quarter. Shelton Capital Management acquired a new position in Five Below during the 4th quarter worth approximately $227,000. Finally, Bank of Nova Scotia acquired a new position in Five Below during the 4th quarter worth approximately $12,456,000.

Insider Activity

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider owned 25,890 shares in the company, valued at $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the sale, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock worth $1,740,209 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Citigroup boosted their price target on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Bank of America lifted their price objective on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. Evercore ISI lifted their price objective on Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. Finally, UBS Group lifted their price objective on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and an average target price of $119.00.

Five Below Stock Up 0.6%

FIVE stock traded up $0.81 during trading on Friday, reaching $133.52. 721,830 shares of the company's stock were exchanged, compared to its average volume of 1,136,350. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $143.88. The company's fifty day moving average price is $130.92 and its 200-day moving average price is $100.49. The firm has a market cap of $7.35 billion, a PE ratio of 27.99 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The company had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.