Wasatch Advisors LP Lowers Holdings in Five Below, Inc. $FIVE

Wasatch Advisors LP trimmed its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 60.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 325,892 shares of the specialty retailer's stock after selling 492,490 shares during the quarter. Wasatch Advisors LP owned 0.59% of Five Below worth $58,592,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Basecamp Wealth Advisors LLC raised its position in shares of Five Below by 83.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 182 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 83 shares during the last quarter. Bayban purchased a new stake in Five Below during the 4th quarter valued at about $34,000. V Square Quantitative Management LLC bought a new stake in Five Below during the 4th quarter valued at about $35,000. Elevation Wealth Partners LLC increased its stake in Five Below by 966.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 174 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Five Below in the third quarter worth about $32,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Five Below from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. Royal Bank Of Canada lowered shares of Five Below to a "sector perform" rating in a report on Thursday, July 9th. Raymond James Financial raised Five Below to an "outperform" rating in a research report on Tuesday, July 21st. Craig Hallum increased their target price on Five Below from $255.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. Finally, The Goldman Sachs Group began coverage on Five Below in a report on Thursday, July 9th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

Five Below Stock Down 0.5%

Shares of Five Below stock opened at $234.24 on Wednesday. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98. The company's 50 day moving average is $199.22 and its 200 day moving average is $211.68. Five Below, Inc. has a twelve month low of $131.52 and a twelve month high of $251.63.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.45. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.23 billion. Five Below had a net margin of 8.67% and a return on equity of 21.31%. The firm's quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. Five Below has set its FY 2026 guidance at 8.650-9.050 EPS and its Q2 2026 guidance at 1.170-1.290 EPS. Sell-side analysts expect that Five Below, Inc. will post 9.08 EPS for the current fiscal year.

Five Below Profile

Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source