Trust Point Inc. Trims Position in Five Below, Inc. (NASDAQ:FIVE)

Trust Point Inc. reduced its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 34.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,933 shares of the specialty retailer's stock after selling 4,216 shares during the period. Trust Point Inc.'s holdings in Five Below were worth $594,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in Five Below in the 1st quarter worth $29,000. Proficio Capital Partners LLC purchased a new position in Five Below in the 4th quarter worth $31,000. UMB Bank n.a. raised its position in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the period. Coppell Advisory Solutions LLC raised its position in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 558 shares during the period.

Insiders Place Their Bets

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider now directly owns 25,890 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,784 shares of company stock worth $856,549. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group lifted their target price on shares of Five Below from $107.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays decreased their target price on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Evercore ISI boosted their price objective on shares of Five Below from $98.00 to $115.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Finally, Morgan Stanley boosted their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus target price of $112.40.

Five Below Trading Down 0.5%

FIVE traded down $0.66 during midday trading on Wednesday, reaching $123.18. The company's stock had a trading volume of 1,077,431 shares, compared to its average volume of 2,072,463. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 25.82 and a beta of 1.02. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $137.30. The stock's 50-day moving average is $96.15 and its 200-day moving average is $92.58.

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 business had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share 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.