Price T Rowe Associates Inc. MD Trims Holdings in Five Below, Inc. (NASDAQ:FIVE)

Price T Rowe Associates Inc. MD decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,216,099 shares of the specialty retailer's stock after selling 1,172,020 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.21% of Five Below worth $127,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Marshall Wace LLP lifted its holdings in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after buying an additional 1,072,642 shares during the period. Norges Bank acquired a new position in Five Below during the 4th quarter worth about $66,933,000. Alliancebernstein L.P. lifted its stake in shares of Five Below by 487.0% in the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock valued at $59,480,000 after purchasing an additional 470,150 shares during the period. American Century Companies Inc. boosted its position in shares of Five Below by 869.2% during the 4th quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer's stock valued at $20,747,000 after purchasing an additional 177,269 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in Five Below by 39.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer's stock worth $64,904,000 after purchasing an additional 175,131 shares in the last quarter.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FIVE. Bank of America dropped their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research note on Thursday, March 20th. Barclays dropped their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. UBS Group lowered their target price on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Mizuho lowered their price target on Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Five Below currently has an average rating of "Hold" and an average price target of $94.30.

Five Below Trading Down 0.6 %

NASDAQ:FIVE traded down $0.44 on Thursday, reaching $75.45. 1,345,194 shares of the stock traded hands, compared to its average volume of 1,994,163. The company's fifty day simple moving average is $73.65 and its 200 day simple moving average is $88.06. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $147.64.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $3.65 EPS. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.