Five Below, Inc. (NASDAQ:FIVE) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,354 shares of the specialty retailer's stock after selling 5,906 shares during the period. National Bank of Canada FI owned 0.34% of Five Below worth $38,961,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Planned Solutions Inc. purchased a new position in shares of Five Below in the fourth quarter worth about $34,000. CVA Family Office LLC purchased a new position in shares of Five Below in the fourth quarter worth about $36,000. Covestor Ltd increased its stake in shares of Five Below by 32.0% in the third quarter. Covestor Ltd now owns 450 shares of the specialty retailer's stock worth $73,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Five Below in the fourth quarter worth about $140,000. Finally, Annapolis Financial Services LLC increased 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 worth $151,000 after purchasing an additional 200 shares in the last quarter.

Five Below Price Performance

Shares of NASDAQ:FIVE traded up $1.21 on Monday, hitting $146.02. 625,124 shares of the company's stock were exchanged, compared to its average volume of 874,015. The business's 50 day simple moving average is $174.69 and its two-hundred day simple moving average is $184.35. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. Five Below, Inc. has a 12 month low of $140.19 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last announced 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.07 EPS. Equities analysts forecast that Five Below, Inc. will post 6.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on FIVE. Truist Financial reduced their price objective on shares of Five Below from $214.00 to $204.00 and set a "buy" rating for the company in a research note on Thursday, March 21st. Oppenheimer cut shares of Five Below from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $235.00 to $200.00 in a research note on Tuesday, January 30th. Barclays reduced their price objective 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 price objective 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, Telsey Advisory Group reduced their price objective on shares of Five Below from $230.00 to $220.00 and set an "outperform" rating for the company in a research note on Thursday, March 21st. One investment 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, the company has an average rating of "Moderate Buy" and an average target price of $210.33.

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.