Intech Investment Management LLC Sells 3,067 Shares of Five Below, Inc. (NASDAQ:FIVE)

Intech Investment Management LLC decreased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 28.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,739 shares of the specialty retailer’s stock after selling 3,067 shares during the period. Intech Investment Management LLC’s holdings in Five Below were worth $684,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. JW Asset Management LLC bought a new position in shares of Five Below in the third quarter worth $442,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Five Below during the third quarter worth about $1,765,000. Baron Wealth Management LLC increased its stake in Five Below by 6.1% in the 3rd quarter. Baron Wealth Management LLC now owns 9,986 shares of the specialty retailer’s stock worth $882,000 after acquiring an additional 575 shares during the last quarter. ING Groep NV purchased a new stake in shares of Five Below in the 3rd quarter valued at about $3,534,000. Finally, KBC Group NV boosted its position in shares of Five Below by 23.7% during the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after acquiring an additional 312 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIVE. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Truist Financial increased their price target on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 7th. Evercore ISI increased their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.05.

Five Below Stock Performance

FIVE opened at $92.70 on Friday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.02 and a beta of 1.20. The company has a fifty day moving average of $90.45 and a 200 day moving average of $95.73. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, equities research analysts forecast that Five Below, Inc. will post 4.57 earnings per share for the current year.

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.