FourThought Financial Partners LLC Sells 197 Shares of Five Below, Inc. (NASDAQ:FIVE)

FourThought Financial Partners LLC lessened its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,523 shares of the specialty retailer’s stock after selling 197 shares during the quarter. FourThought Financial Partners LLC’s holdings in Five Below were worth $1,177,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Five Below by 16.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,647 shares of the specialty retailer’s stock worth $748,000 after buying an additional 665 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Five Below by 22.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,210 shares of the specialty retailer’s stock valued at $1,804,000 after purchasing an additional 2,033 shares during the period. Strs Ohio lifted its stake in shares of Five Below by 10.5% in the 3rd quarter. Strs Ohio now owns 6,930 shares of the specialty retailer’s stock valued at $1,115,000 after purchasing an additional 659 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Five Below during the 3rd quarter valued at about $984,000. Finally, Deepwater Asset Management LLC grew its stake in Five Below by 19.4% during the third quarter. Deepwater Asset Management LLC now owns 68,450 shares of the specialty retailer’s stock worth $11,014,000 after purchasing an additional 11,131 shares during the period.

Five Below Stock Performance

Shares of FIVE stock traded up $1.34 on Friday, hitting $144.81. 825,169 shares of the company’s stock traded hands, compared to its average volume of 1,079,295. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.16 and a beta of 1.21. The company’s fifty day simple moving average is $175.69 and its 200 day simple moving average is $184.51. Five Below, Inc. has a one year low of $140.19 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the firm posted $3.07 EPS. As a group, sell-side analysts anticipate that Five Below, Inc. will post 6.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FIVE shares. Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. Evercore ISI reduced their price target on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Gordon Haskett lowered shares of Five Below from a “buy” rating to an “accumulate” rating and dropped their price objective for the company from $210.00 to $200.00 in a report on Wednesday, April 3rd. JPMorgan Chase & Co. downgraded Five Below from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Finally, Barclays decreased their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Moderate Buy” and a consensus price target of $210.33.

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.