Bank of New York Mellon Corp Trims Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Bank of New York Mellon Corp lessened its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 6.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 368,553 shares of the specialty retailer's stock after selling 26,304 shares during the period. Bank of New York Mellon Corp owned about 0.67% of Five Below worth $27,614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FIVE. Proficio Capital Partners LLC purchased a new stake in Five Below during the fourth quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in Five Below during the fourth quarter worth about $8,489,000. PNC Financial Services Group Inc. increased its holdings in Five Below by 15.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,526 shares of the specialty retailer's stock worth $685,000 after buying an additional 882 shares during the last quarter. HighTower Advisors LLC increased its holdings in Five Below by 27.5% during the fourth quarter. HighTower Advisors LLC now owns 6,970 shares of the specialty retailer's stock worth $732,000 after buying an additional 1,504 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares during the last quarter.

Five Below Trading Up 0.2%

Shares of FIVE traded up $0.30 during mid-day trading on Friday, reaching $139.97. The company's stock had a trading volume of 1,392,256 shares, compared to its average volume of 2,006,822. The stock has a market cap of $7.71 billion, a PE ratio of 29.34 and a beta of 1.04. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $141.42. The company's fifty day moving average price is $121.41 and its two-hundred day moving average price is $96.10.

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

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,500 shares of Five Below 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 transaction, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the transaction, the insider directly owned 44,130 shares in the company, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,700 shares of company stock valued at $1,530,209 over the last three months. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. Barclays cut their target price on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Citigroup increased their target price on shares of Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. UBS Group increased their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Finally, Loop Capital increased 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $113.30.

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.