Montag & Caldwell LLC Sells 45,746 Shares of Five Below, Inc. (NASDAQ:FIVE)

Montag & Caldwell LLC cut its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,252 shares of the specialty retailer's stock after selling 45,746 shares during the period. Five Below makes up 3.0% of Montag & Caldwell LLC's investment portfolio, making the stock its 16th biggest holding. Montag & Caldwell LLC owned 0.15% of Five Below worth $17,107,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Planned Solutions Inc. bought a new stake in Five Below during the fourth quarter valued at about $34,000. CVA Family Office LLC bought a new stake in Five Below during the fourth quarter valued at about $36,000. Covestor Ltd boosted its holdings in Five Below by 32.0% during the third quarter. Covestor Ltd now owns 450 shares of the specialty retailer's stock valued at $73,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC bought a new stake in Five Below during the fourth quarter valued at about $140,000. Finally, Annapolis Financial Services LLC lifted its stake in shares of Five Below by 39.4% in the fourth quarter. Annapolis Financial Services LLC now owns 707 shares of the specialty retailer's stock valued at $151,000 after buying an additional 200 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIVE. UBS Group reduced their target price on shares of Five Below from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Thursday, March 21st. JPMorgan Chase & Co. cut shares of Five Below from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Barclays reduced their target price on shares of Five Below from $225.00 to $214.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Morgan Stanley reduced their target price on shares of Five Below from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. Finally, Mizuho started coverage on shares of Five Below in a research report on Tuesday, March 19th. They issued a "buy" rating and a $225.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Five Below presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.33.

Five Below Trading Down 1.9 %

Shares of FIVE traded down $2.86 during mid-day trading on Monday, hitting $147.22. 801,754 shares of the company traded hands, compared to its average volume of 878,646. Five Below, Inc. has a one year low of $144.57 and a one year high of $216.18. The business has a 50-day moving average of $179.51 and a 200 day moving average of $185.36. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.20 and a beta of 1.19.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $3.07 earnings per share. Five Below's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, analysts anticipate that Five Below, Inc. will post 6.05 earnings per share 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.