ProShare Advisors LLC Has $417,000 Stock Holdings in Five Below, Inc. $FIVE

ProShare Advisors LLC lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 52.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,212 shares of the specialty retailer’s stock after selling 2,470 shares during the period. ProShare Advisors LLC’s holdings in Five Below were worth $417,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. raised its position in Five Below by 1.6% in the fourth quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Five Below by 0.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock worth $2,324,000 after purchasing an additional 66 shares in the last quarter. CI Investments Inc. grew its stake in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Five Below by 9.9% during the third quarter. EverSource Wealth Advisors LLC now owns 830 shares of the specialty retailer’s stock worth $128,000 after buying an additional 75 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in Five Below by 4.5% during the third quarter. Ballentine Partners LLC now owns 1,858 shares of the specialty retailer’s stock worth $287,000 after buying an additional 80 shares during the last quarter.

Insider Activity at Five Below

In other news, Director Ronald Sargent sold 10,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the sale, the director directly owned 83,674 shares of the company’s stock, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares in the company, valued at $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is owned by corporate insiders.

Five Below Price Performance

FIVE opened at $227.36 on Friday. Five Below, Inc. has a one year low of $113.41 and a one year high of $251.63. The company’s 50 day simple moving average is $226.12 and its 200-day simple moving average is $203.15. The stock has a market capitalization of $12.57 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, beating the consensus estimate of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm earned $3.48 earnings per share. Five Below’s revenue was up 24.3% compared to the same quarter last year. As a group, analysts anticipate that Five Below, Inc. will post 8.22 EPS for the current year.

Wall Street Analyst Weigh In

FIVE has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. upped their price objective on shares of Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $206.00 price objective on shares of Five Below in a research note on Monday, February 9th. Finally, Bank of America upped their price objective on shares of Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Five Below 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.