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

Tabor Asset Management LP trimmed its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,783 shares of the specialty retailer's stock after selling 16,698 shares during the quarter. Five Below makes up approximately 3.2% of Tabor Asset Management LP's portfolio, making the stock its 13th biggest holding. Tabor Asset Management LP owned approximately 0.12% of Five Below worth $6,800,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Steadfast Capital Management LP purchased a new position in Five Below during the fourth quarter worth about $123,601,000. Marshall Wace LLP boosted its position in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. Norges Bank purchased a new position in shares of Five Below during the fourth quarter worth about $66,933,000. Alliancebernstein L.P. increased its position in shares of Five Below by 487.0% in 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 raised its stake in Five Below by 399.5% in the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock valued at $59,082,000 after purchasing an additional 450,215 shares in the last quarter.

Five Below Stock Down 2.4%

Shares of NASDAQ:FIVE traded down $2.65 during midday trading on Friday, hitting $107.38. 691,748 shares of the stock traded hands, compared to its average volume of 2,076,963. The business's 50 day moving average is $78.27 and its two-hundred day moving average is $88.49. The stock has a market capitalization of $5.91 billion, a PE ratio of 22.08, a P/E/G ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a one year low of $52.38 and a one year high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $3.65 EPS. Five Below's revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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 commented on the stock. Mizuho decreased their price target on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Loop Capital raised their price target on Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Monday, May 5th. Truist Financial lifted their price target on Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. Guggenheim reduced their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Barclays dropped their target price on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $97.50.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.