Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,129,241 shares of the specialty retailer's stock after selling 73,510 shares during the quarter. Five Below comprises approximately 1.4% of Riverbridge Partners LLC's portfolio, making the stock its 26th biggest position. Riverbridge Partners LLC owned about 2.05% of Five Below worth $84,608,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in Five Below by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after buying an additional 165 shares during the period. Wolf Group Capital Advisors purchased a new stake in shares of Five Below in the first quarter valued at about $1,172,000. Byrne Asset Management LLC acquired a new position in shares of Five Below during the first quarter worth about $29,000. Wealth Enhancement Advisory Services LLC raised its holdings in Five Below by 100.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,459 shares of the specialty retailer's stock worth $1,083,000 after purchasing an additional 7,258 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new stake in Five Below in the first quarter valued at about $271,000.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider now owns 25,890 shares of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,784 shares of company stock valued at $856,549. Company insiders own 1.90% of the company's stock.

Five Below Price Performance

Five Below stock traded up $0.17 during mid-day trading on Friday, hitting $123.35. 1,461,957 shares of the company were exchanged, compared to its average volume of 2,070,031. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $137.30. The business's 50 day simple moving average is $98.59 and its two-hundred day simple moving average is $92.95. The company has a market capitalization of $6.79 billion, a P/E ratio of 25.86 and a beta of 1.02.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 EPS 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 analysts' expectations of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley upped their price objective on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Truist Financial raised their target price on 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. upped their price target on shares of Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Telsey Advisory Group raised their price objective on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $112.40.

Five Below Company 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.