Five Below, Inc. (NASDAQ:FIVE) Position Cut by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,492,666 shares of the specialty retailer's stock after selling 46,466 shares during the quarter. Five Below makes up 3.9% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 12th largest position. Montrusco Bolton Investments Inc. owned approximately 2.70% of Five Below worth $311,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Giverny Capital Inc. raised its stake in shares of Five Below by 1.7% during the 3rd quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer's stock valued at $103,711,000 after purchasing an additional 10,845 shares during the period. AGF Management Ltd. purchased a new stake in shares of Five Below in the fourth quarter worth about $3,192,000. International Assets Investment Management LLC bought a new position in shares of Five Below in the fourth quarter valued at approximately $3,726,000. Charles Schwab Investment Management Inc. grew its stake in Five Below by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer's stock valued at $86,260,000 after acquiring an additional 11,073 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. bought a new stake in Five Below during the 4th quarter worth approximately $2,783,000.

Five Below Price Performance

Five Below stock traded down $3.49 during trading hours on Friday, reaching $137.54. The company had a trading volume of 780,861 shares, compared to its average volume of 854,020. Five Below, Inc. has a 12-month low of $137.35 and a 12-month high of $216.18. The company has a 50-day moving average price of $163.55 and a 200 day moving average price of $182.20. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.13 and a beta of 1.21.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.07 earnings per share. As a group, research analysts expect that Five Below, Inc. will post 6.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIVE. UBS Group reduced their price target on shares of Five Below from $270.00 to $245.00 and set a "buy" rating for the company in a research report on Thursday, March 21st. Barclays decreased their target price on Five Below from $225.00 to $214.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Gordon Haskett lowered Five Below from a "buy" rating to an "accumulate" rating and cut their price objective for the stock from $210.00 to $200.00 in a report on Wednesday, April 3rd. StockNews.com raised shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, May 13th. Finally, Truist Financial cut their price target 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. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.