Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,059 shares of the specialty retailer's stock after selling 52,353 shares during the quarter. Federated Hermes Inc. owned approximately 0.37% of Five Below worth $43,924,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FIVE. Raymond James Financial Services Advisors Inc. grew its position in shares of Five Below by 2.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer's stock valued at $710,000 after purchasing an additional 119 shares during the period. Private Advisor Group LLC acquired a new position in Five Below during the first quarter worth about $209,000. Citigroup Inc. boosted its position in Five Below by 10.7% during the first quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer's stock worth $2,649,000 after acquiring an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Five Below by 793.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer's stock worth $248,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Five Below by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer's stock worth $4,936,000 after acquiring an additional 2,155 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on FIVE. Mizuho began coverage on shares of Five Below in a research report on Tuesday, March 19th. They set a "buy" rating and a $225.00 price target on the stock. UBS Group lowered their price target on shares of Five Below from $270.00 to $245.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Truist Financial lowered their price target on shares of Five Below from $214.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Barclays decreased their target price on shares of Five Below from $225.00 to $214.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Finally, Morgan Stanley decreased their target price on shares of Five Below from $225.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.83.

Five Below Stock Performance

Shares of Five Below stock traded down $1.71 on Friday, reaching $150.29. The company had a trading volume of 873,461 shares, compared to its average volume of 1,218,286. The firm's 50 day moving average price is $184.23 and its two-hundred day moving average price is $185.82. The firm has a market cap of $8.30 billion, a PE ratio of 27.73, a PEG ratio of 1.22 and a beta of 1.19. Five Below, Inc. has a 52-week low of $144.57 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm posted $3.07 earnings per share. Five Below's revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Five Below, Inc. will post 6.06 EPS for the current year.

About Five Below

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.