Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Five Below, Inc. (NASDAQ:FIVE) by 33.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,305 shares of the specialty retailer’s stock after selling 5,217 shares during the quarter. Victory Capital Management Inc.’s holdings in Five Below were worth $1,082,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIVE. KBC Group NV increased its position in Five Below by 23.7% in 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 period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Five Below during the 3rd quarter valued at $1,765,000. JW Asset Management LLC bought a new position in Five Below during the 3rd quarter valued at $442,000. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after purchasing an additional 180,902 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after purchasing an additional 20,266 shares in the last quarter.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Five Below Stock Up 2.3 %

Shares of Five Below stock opened at $75.59 on Thursday. The stock has a market cap of $4.16 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business has a fifty day simple moving average of $88.76 and a 200-day simple moving average of $92.63. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $209.79.

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

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of research reports. Truist Financial increased their price target on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Telsey Advisory Group decreased their price target on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Barclays increased their price target on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $107.37.

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.