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

Tabor Asset Management LP trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 52.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,763 shares of the specialty retailer's stock after selling 34,020 shares during the period. Tabor Asset Management LP owned 0.06% of Five Below worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FIVE. Steadfast Capital Management LP bought a new stake in Five Below during the fourth quarter valued at $123,601,000. Marshall Wace LLP boosted its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after buying an additional 1,072,642 shares during the period. Norges Bank purchased a new stake in Five Below during the fourth quarter valued at about $66,933,000. Alliancebernstein L.P. lifted its stake in Five Below by 487.0% during the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock worth $59,480,000 after purchasing an additional 470,150 shares during the last quarter. Finally, Man Group plc lifted its stake in Five Below by 399.5% during the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after purchasing an additional 450,215 shares during the last quarter.

Five Below Stock Performance

Five Below stock traded up $0.24 during trading hours on Monday, reaching $140.21. 133,125 shares of the stock were exchanged, compared to its average volume of 1,974,026. The stock has a market cap of $7.72 billion, a P/E ratio of 29.29 and a beta of 1.04. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $141.77. The firm's 50 day moving average is $122.50 and its 200 day moving average is $96.27.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $966.29 million. During the same quarter last year, the company earned $0.60 earnings per share. Five Below's revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIVE. The Goldman Sachs Group boosted their target price on Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. DA Davidson reduced their target price on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Bank of America upped their price target on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research note on Thursday, June 5th. Mizuho increased their target price on Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company raised their price target on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $119.00.

Insider Buying and Selling

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction dated 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 transaction, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George Hill sold 4,500 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider owned 44,130 shares of the company's stock, valued at $5,866,200.90. This trade represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,700 shares of company stock worth $1,530,209 over the last three months. 1.90% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.