Invesco Ltd. Sells 38,153 Shares of Five Below, Inc. (NASDAQ:FIVE)

Invesco Ltd. lessened its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,332 shares of the specialty retailer's stock after selling 38,153 shares during the quarter. Invesco Ltd. owned about 0.15% of Five Below worth $8,747,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FIVE. Raymond James Financial Inc. acquired a new position in shares of Five Below during the 4th quarter valued at $8,489,000. Retirement Systems of Alabama lifted its holdings in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after acquiring an additional 48,524 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Five Below by 691.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after acquiring an additional 22,102 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock valued at $1,201,000 after acquiring an additional 8,035 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Five Below by 30.4% during the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 496 shares in the last quarter.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm's 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 transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Five Below Stock Performance

Shares of FIVE stock traded up $0.30 during mid-day trading on Tuesday, hitting $75.62. 174,276 shares of the stock traded hands, compared to its average volume of 1,976,445. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The company's 50-day simple moving average is $74.08 and its 200-day simple moving average is $88.22. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $150.88.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.65 earnings per share. Analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price on the stock in a report on Monday, April 7th. Loop Capital dropped their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Guggenheim dropped their price target on shares of Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Bank of America dropped their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. Finally, DA Davidson dropped their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.30.

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.