HighTower Advisors LLC lowered its position in Five Below Inc (NASDAQ:FIVE) by 4.4% during the first quarter, Holdings Channel reports. The firm owned 27,446 shares of the specialty retailer’s stock after selling 1,262 shares during the period. HighTower Advisors LLC’s holdings in Five Below were worth $1,953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Five Below by 2,381.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 500 shares during the period. Private Capital Group LLC lifted its position in shares of Five Below by 85.9% in the 1st quarter. Private Capital Group LLC now owns 565 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 261 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Five Below by 23.8% in the 1st quarter. First Horizon Advisors Inc. now owns 645 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 124 shares during the period. Optimum Investment Advisors lifted its position in shares of Five Below by 88.9% in the 1st quarter. Optimum Investment Advisors now owns 850 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 400 shares during the period. Finally, Pendal Group Ltd lifted its position in shares of Five Below by 78.7% in the 1st quarter. Pendal Group Ltd now owns 1,265 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 557 shares during the period.

Shares of FIVE stock opened at $107.11 on Tuesday. The firm has a market capitalization of $5.77 billion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. The firm has a fifty day simple moving average of $102.51 and a two-hundred day simple moving average of $101.03. The company has a current ratio of 1.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.27. Five Below Inc has a 12 month low of $47.53 and a 12 month high of $137.96.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Tuesday, June 9th. The specialty retailer reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.56). Five Below had a net margin of 5.87% and a return on equity of 14.23%. The business had revenue of $200.90 million for the quarter, compared to the consensus estimate of $230.89 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 44.9% compared to the same quarter last year. On average, equities analysts predict that Five Below Inc will post 1.57 earnings per share for the current fiscal year.

A number of research firms recently issued reports on FIVE. Royal Bank of Canada boosted their target price on shares of Five Below from $102.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Citigroup boosted their target price on shares of Five Below from $95.00 to $130.00 in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Five Below from $103.00 to $123.00 in a research report on Wednesday, June 10th. Barclays reiterated a “hold” rating and set a $65.00 target price on shares of Five Below in a research report on Friday, March 20th. Finally, UBS Group boosted their target price on shares of Five Below from $104.00 to $114.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $118.00.

In other news, Director Thomas Vellios sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $110.19, for a total value of $11,019,000.00. Following the completion of the sale, the director now owns 524,828 shares in the company, valued at approximately $57,830,797.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 10,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $108.73, for a total transaction of $1,141,665.00. Following the completion of the sale, the chief accounting officer now owns 38,671 shares of the company’s stock, valued at approximately $4,204,697.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,712 shares of company stock valued at $16,344,806. Company insiders own 2.40% of the company’s stock.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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