Tabor Asset Management LP Cuts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Tabor Asset Management LP lessened its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 52.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,763 shares of the specialty retailer's stock after selling 34,020 shares during the quarter. Tabor Asset Management LP owned approximately 0.06% of Five Below worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Five Below in the 1st quarter worth $5,583,000. Jennison Associates LLC increased its holdings in shares of Five Below by 27.8% in the 1st quarter. Jennison Associates LLC now owns 216,180 shares of the specialty retailer's stock worth $16,197,000 after purchasing an additional 47,016 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Five Below in the 1st quarter worth $300,000. Victory Capital Management Inc. increased its holdings in shares of Five Below by 6.2% in the 1st quarter. Victory Capital Management Inc. now owns 10,949 shares of the specialty retailer's stock worth $820,000 after purchasing an additional 644 shares in the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Five Below in the first quarter worth $92,000.

Five Below Stock Down 1.4%

FIVE traded down $1.95 on Thursday, reaching $137.43. The company had a trading volume of 342,801 shares, compared to its average volume of 2,065,338. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $142.13. The stock has a market capitalization of $7.57 billion, a PE ratio of 28.81 and a beta of 1.04. The stock has a 50-day moving average price of $123.99 and a 200-day moving average price of $96.87.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $970.53 million during 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 period in the prior year, the company earned $0.60 earnings per share. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the subject of several research analyst reports. Bank of America lifted their price objective on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Loop Capital boosted their target price on Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. The Goldman Sachs Group boosted their target price on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Mizuho boosted their price objective on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Five Below presently has an average rating of "Hold" and a consensus price target of $119.00.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the transaction, the chief accounting officer directly owned 55,854 shares in the company, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the transaction, the insider owned 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. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last ninety days. Corporate 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.