Janney Montgomery Scott LLC Sells 5,422 Shares of Five Below, Inc. (NASDAQ:FIVE)

Janney Montgomery Scott LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 25.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,207 shares of the specialty retailer's stock after selling 5,422 shares during the period. Janney Montgomery Scott LLC's holdings in Five Below were worth $1,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock valued at $529,792,000 after purchasing an additional 43,537 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Five Below by 3.7% in the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock worth $254,012,000 after buying an additional 86,271 shares during the period. Marshall Wace LLP boosted its position in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after acquiring an additional 1,072,642 shares in the last quarter. Steadfast Capital Management LP purchased a new position in shares of Five Below during the 4th quarter worth approximately $123,601,000. Finally, Giverny Capital Inc. raised its position in shares of Five Below by 0.9% in the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after acquiring an additional 6,861 shares in the last quarter.

Five Below Stock Up 0.5%

Shares of NASDAQ FIVE traded up $0.69 during trading on Friday, reaching $130.61. 2,179,366 shares of the company traded hands, compared to its average volume of 2,074,195. The firm has a 50 day simple moving average of $106.12 and a 200-day simple moving average of $93.55. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $137.30. The stock has a market capitalization of $7.19 billion, a PE ratio of 27.38 and a beta of 1.02.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

FIVE has been the topic of several research reports. Bank of America lifted their price target on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research report on Thursday, June 5th. Evercore ISI boosted their target price on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. Morgan Stanley increased their price target on shares of Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded shares of Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. One 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 company. According to data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $113.30.

Insider Transactions at Five Below

In other Five Below news, insider George Hill sold 4,500 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider now directly owns 44,130 shares of the company's stock, valued at approximately $5,866,200.90. This represents a 9.25% 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, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the transaction, the insider now owns 25,890 shares in the company, valued at $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

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.