WCM Investment Management LLC Decreases Position in Five Below, Inc. (NASDAQ:FIVE)

WCM Investment Management LLC cut its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,517 shares of the specialty retailer's stock after selling 13,752 shares during the quarter. WCM Investment Management LLC owned 0.19% of Five Below worth $22,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Five Below by 76.3% during the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of Five Below during the fourth quarter worth approximately $34,000. CVA Family Office LLC purchased a new stake in shares of Five Below during the fourth quarter worth approximately $36,000. Canada Pension Plan Investment Board increased its position in shares of Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 93 shares in the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Five Below during the second quarter worth approximately $40,000.

Insiders Place Their Bets

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the company's stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the sale, the director now owns 333,697 shares in the company, valued at approximately $62,007,576.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on FIVE shares. Truist Financial lowered their price objective on Five Below from $214.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Morgan Stanley lowered their price objective on Five Below from $225.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, March 21st. Telsey Advisory Group lowered their price objective on Five Below from $230.00 to $220.00 and set an "outperform" rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company lowered their price objective on Five Below from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 21st. Finally, Mizuho assumed coverage on Five Below in a research note on Tuesday, March 19th. They set a "buy" rating and a $225.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.11.

Five Below Price Performance

Shares of FIVE stock traded down $5.52 on Friday, hitting $157.48. The stock had a trading volume of 1,541,373 shares, compared to its average volume of 1,307,987. The firm has a market capitalization of $8.70 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.26 and a beta of 1.19. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18. The company's 50 day moving average price is $187.45 and its 200-day moving average price is $186.25.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter last year, the company earned $3.07 EPS. Five Below's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities analysts forecast that Five Below, Inc. will post 6.06 EPS for the current year.

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.