Five Below, Inc. $FIVE Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 166,618 shares of the specialty retailer’s stock after selling 3,688 shares during the quarter. Cresset Asset Management LLC’s holdings in Five Below were worth $25,776,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank grew its position in Five Below by 705.0% in the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Five Below in the 2nd quarter worth approximately $26,000. CI Investments Inc. boosted its holdings in shares of Five Below by 44.3% in the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 74 shares in the last quarter. Mather Group LLC. bought a new position in shares of Five Below in the third quarter valued at approximately $40,000. Finally, Caitlin John LLC acquired a new position in shares of Five Below during the third quarter valued at approximately $46,000.

Five Below Price Performance

Shares of FIVE opened at $221.55 on Wednesday. The company has a 50-day moving average of $201.02 and a two-hundred day moving average of $171.94. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.72 and a beta of 1.10. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.22 by $0.46. Five Below had a net margin of 6.96% and a return on equity of 17.15%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIVE. Loop Capital reaffirmed a “buy” rating and set a $200.00 price target on shares of Five Below in a research note on Wednesday, December 17th. Guggenheim set a $225.00 target price on Five Below in a research note on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $246.00 to $259.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Barclays raised their price objective on shares of Five Below from $160.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.85.

Insider Activity at Five Below

In related news, Director Kathleen S. Barclay sold 2,200 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $182.03, for a total transaction of $400,466.00. Following the transaction, the director directly owned 9,214 shares of the company’s stock, valued at approximately $1,677,224.42. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maureen Marie Gellerman sold 544 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $174.38, for a total value of $94,862.72. Following the completion of the sale, the insider directly owned 12,163 shares of the company’s stock, valued at approximately $2,120,983.94. This represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 50,769 shares of company stock worth $9,365,308. Insiders own 1.90% of the company’s stock.

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.