TimesSquare Capital Management LLC Cuts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

TimesSquare Capital Management LLC cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,737 shares of the specialty retailer’s stock after selling 75,770 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.38% of Five Below worth $44,281,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIVE. Planned Solutions Inc. purchased a new stake in Five Below during the fourth quarter valued at about $34,000. CVA Family Office LLC bought a new position in Five Below in the 4th quarter worth approximately $36,000. Covestor Ltd grew its stake in Five Below by 32.0% in the 3rd quarter. Covestor Ltd now owns 450 shares of the specialty retailer’s stock valued at $73,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Five Below during the 4th quarter valued at $140,000. Finally, Annapolis Financial Services LLC increased its position in shares of Five Below by 39.4% during the fourth quarter. Annapolis Financial Services LLC now owns 707 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 200 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Morgan Stanley cut their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Craig Hallum decreased their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company raised shares of Five Below from an “equal weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research note on Thursday, April 25th. Finally, Mizuho began coverage on shares of Five Below in a research note on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Price Performance

Shares of NASDAQ FIVE traded up $1.38 during mid-day trading on Thursday, reaching $143.48. The company’s stock had a trading volume of 748,335 shares, compared to its average volume of 868,740. The stock has a fifty day moving average of $172.46 and a two-hundred day moving average of $183.85. The firm has a market capitalization of $7.93 billion, a PE ratio of 26.22, a P/E/G ratio of 1.16 and a beta of 1.21. Five Below, Inc. has a 52 week low of $140.19 and a 52 week high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) 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 business’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.07 earnings per share. Analysts anticipate that Five Below, Inc. will post 6.05 EPS for the current fiscal year.

Five Below Company 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.