Sanctuary Advisors LLC Reduces Position in Five Below, Inc. (NASDAQ:FIVE)

Sanctuary Advisors LLC decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,947 shares of the specialty retailer’s stock after selling 1,902 shares during the period. Sanctuary Advisors LLC’s holdings in Five Below were worth $865,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FIVE. State Street Corp increased its position in Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after acquiring an additional 31,520 shares during the period. Geode Capital Management LLC increased its holdings in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares during the period. Point72 Asset Management L.P. raised its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Five Below in the 3rd quarter worth $68,649,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Five Below in the third quarter valued at about $64,981,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Melius Research initiated coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Five Below from $83.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Morgan Stanley upped their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $116.15.

Five Below Trading Down 1.5 %

Shares of NASDAQ:FIVE opened at $106.08 on Monday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The stock’s 50-day moving average price is $94.95 and its two-hundred day moving average price is $92.45. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. As a group, research analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current fiscal year.

Five Below 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.