Handelsbanken Fonder AB Has $1.96 Million Stock Holdings in Five Below, Inc. $FIVE

Handelsbanken Fonder AB lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 22.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,909 shares of the specialty retailer’s stock after selling 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Five Below were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. IFP Advisors Inc grew its stake in shares of Five Below by 653.8% in the 2nd quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 170 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Five Below by 1,097.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 417 shares in the last quarter. Allworth Financial LP grew its stake in Five Below by 333.0% in the second quarter. Allworth Financial LP now owns 420 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 323 shares during the period. True Wealth Design LLC increased its holdings in shares of Five Below by 1,940.9% during the second quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 427 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Five Below during the second quarter worth approximately $66,000.

Five Below Price Performance

FIVE opened at $166.95 on Thursday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $168.98. The firm has a market capitalization of $9.21 billion, a P/E ratio of 33.80, a PEG ratio of 2.33 and a beta of 1.21. The company’s 50-day moving average is $153.77 and its 200 day moving average is $139.17.

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

Insider Activity

In related news, EVP Ronald James Masciantonio sold 818 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $146.41, for a total transaction of $119,763.38. Following the completion of the sale, the executive vice president directly owned 9,858 shares of the company’s stock, valued at approximately $1,443,309.78. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Five Below from $141.00 to $148.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Bank of America raised 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. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a research report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of Five Below in a research report on Thursday, October 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Five Below from $143.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $154.94.

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.