Five Below, Inc. $FIVE Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 41.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,252 shares of the specialty retailer’s stock after selling 52,122 shares during the period. Five Below makes up approximately 1.1% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 25th biggest holding. Grandeur Peak Global Advisors LLC’s holdings in Five Below were worth $9,478,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Five Below during the 2nd quarter worth $26,000. IFP Advisors Inc lifted its stake in shares of Five Below by 653.8% in the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock worth $34,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP grew its position in Five Below by 333.0% during the second quarter. Allworth Financial LP now owns 420 shares of the specialty retailer’s stock worth $55,000 after buying an additional 323 shares during the period. Finally, True Wealth Design LLC increased its holdings in Five Below by 1,940.9% in the second quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock valued at $59,000 after buying an additional 427 shares in the last quarter.

Five Below Stock Down 0.6%

Shares of NASDAQ:FIVE opened at $166.00 on Friday. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $168.98. The stock’s fifty day simple moving average is $154.28 and its 200-day simple moving average is $140.06. The company has a market capitalization of $9.15 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.33 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.20. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FIVE. Wells Fargo & Company boosted their price target on Five Below from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial boosted their target price on Five Below from $141.00 to $148.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Mizuho raised their price target on Five Below from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised Five Below from a “neutral” rating to an “overweight” rating and set a $186.00 price target for the company in a research note on Monday, October 27th. Finally, Bank of America increased their price objective on shares of Five Below from $93.00 to $110.00 and gave the company an “underperform” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.06.

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.