Envestnet Asset Management Inc. Decreases Holdings in Five Below, Inc. (NASDAQ:FIVE)

Envestnet Asset Management Inc. trimmed its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,819 shares of the specialty retailer's stock after selling 3,958 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Five Below worth $8,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Five Below in the 1st quarter worth $29,000. Proficio Capital Partners LLC bought a new stake in shares of Five Below in the fourth quarter worth about $31,000. Bessemer Group Inc. grew its stake in shares of Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. UMB Bank n.a. increased its holdings in Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 shares during the period. Finally, Coppell Advisory Solutions LLC raised its position in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIVE shares. Bank of America boosted their target price on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. Loop Capital raised their target price on shares of Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. Telsey Advisory Group boosted their price target on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, DA Davidson decreased their target price on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $119.00.

Insider Transactions at Five Below

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

Five Below Trading Down 1.5%

NASDAQ:FIVE traded down $2.10 on Thursday, reaching $137.28. 371,209 shares of the stock traded hands, compared to its average volume of 2,065,418. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 28.78 and a beta of 1.04. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $142.13. The company's fifty day simple moving average is $123.99 and its 200 day simple moving average is $96.87.

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 for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Equities analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.