Pacer Advisors Inc. Sells 7,875 Shares of Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Pacer Advisors Inc. significantly reduced its stake in Five Below, Inc., selling 7,875 shares to hold only 2,494 shares, representing a 75.9% decrease in their position.
• Insiders of Five Below sold a total of 13,200 shares valued at approximately $1.74 million in the last 90 days, indicating a pullback in insider holdings.
• Five Below recently reported earnings of $0.86 per share, exceeding analysts' expectations, with a 19.5% increase in quarterly revenue compared to the previous year.

Pacer Advisors Inc. decreased its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 75.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the specialty retailer's stock after selling 7,875 shares during the quarter. Pacer Advisors Inc.'s holdings in Five Below were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FIVE. Bank of Montreal Can lifted its holdings in shares of Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock valued at $2,509,000 after purchasing an additional 150 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after purchasing an additional 158 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Five Below by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after purchasing an additional 165 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Five Below by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer's stock valued at $270,000 after purchasing an additional 173 shares during the last quarter.

Insider Activity

In other news, insider George Hill sold 1,500 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of the 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 of the company's stock, valued at $3,240,651.30. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock valued at $1,740,209 in the last 90 days. Company insiders own 1.90% of the company's stock.

Five Below Trading Down 2.5%

Shares of FIVE opened at $133.16 on Friday. The firm has a market cap of $7.33 billion, a PE ratio of 27.92 and a beta of 1.06. The firm has a fifty day simple moving average of $128.83 and a two-hundred day simple moving average of $99.02. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $143.88.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results 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 business had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. During the same period in the previous year, the business earned $0.60 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Truist Financial lifted their target price on shares of Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Bank of America boosted 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. Finally, DA Davidson decreased their price objective on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $119.00.

Five Below 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.

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