Royal Bank of Canada Reduces Position in Five Below, Inc. (NASDAQ:FIVE)

Royal Bank of Canada reduced its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,922 shares of the specialty retailer's stock after selling 13,833 shares during the quarter. Royal Bank of Canada owned 0.42% of Five Below worth $24,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Five Below during the 4th quarter valued at about $31,000. UMB Bank n.a. lifted its position in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in Five Below by 143.8% in the fourth 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 last quarter. EverSource Wealth Advisors LLC boosted its holdings in Five Below by 2,936.8% in the fourth 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 last quarter. Finally, R Squared Ltd bought a new stake in Five Below in the 4th quarter worth approximately $68,000.

Five Below Trading Down 1.7%

Shares of Five Below stock traded down $1.95 during trading on Friday, hitting $114.72. 330,155 shares of the stock traded hands, compared to its average volume of 2,085,881. The stock's fifty day simple moving average is $81.87 and its 200 day simple moving average is $89.33. The firm has a market cap of $6.32 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $3.65 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below 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 completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FIVE shares. Mizuho lowered their price target on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a report on Thursday, March 20th. Telsey Advisory Group boosted their price target on Five Below from $85.00 to $90.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Guggenheim reduced their price target on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Truist Financial raised their price objective on shares of Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $99.15.

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.