US Bancorp DE Lowers Stock Position in Five Below, Inc. $FIVE

US Bancorp DE cut its holdings in Five Below, Inc. (NASDAQ:FIVE) by 18.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,978 shares of the specialty retailer’s stock after selling 4,893 shares during the quarter. US Bancorp DE’s holdings in Five Below were worth $3,400,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIVE. EverSource Wealth Advisors LLC grew its holdings in Five Below by 9.9% in the third quarter. EverSource Wealth Advisors LLC now owns 830 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 75 shares during the period. O Neil Global Advisors Inc. bought a new stake in shares of Five Below in the 3rd quarter worth approximately $2,132,000. Clearstead Advisors LLC grew its stake in shares of Five Below by 22.6% in the 3rd quarter. Clearstead Advisors LLC now owns 516 shares of the specialty retailer’s stock worth $80,000 after buying an additional 95 shares during the last quarter. Citigroup Inc. increased its position in Five Below by 40.2% during the 3rd quarter. Citigroup Inc. now owns 14,901 shares of the specialty retailer’s stock valued at $2,305,000 after buying an additional 4,270 shares in the last quarter. Finally, Wealth Alliance LLC raised its stake in Five Below by 9.3% during the third quarter. Wealth Alliance LLC now owns 2,719 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 231 shares during the last quarter.

Five Below Stock Down 0.9%

FIVE opened at $221.55 on Wednesday. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.72 and a beta of 1.10. The firm has a 50 day moving average price of $201.02 and a 200-day moving average price of $171.94. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $229.33.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.46. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. Five Below had a net margin of 6.96% and a return on equity of 17.15%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, insider Maureen Marie Gellerman sold 544 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $174.38, for a total value of $94,862.72. Following the transaction, the insider owned 12,163 shares of the company’s stock, valued at approximately $2,120,983.94. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George Hill sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $182.09, for a total transaction of $1,365,675.00. Following the sale, the insider directly owned 32,913 shares of the company’s stock, valued at approximately $5,993,128.17. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,769 shares of company stock valued at $9,365,308 in the last 90 days. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on FIVE. Truist Financial set a $236.00 target price on Five Below in a research note on Wednesday, January 14th. Loop Capital reiterated a “buy” rating and issued a $200.00 price target on shares of Five Below in a research note on Wednesday, December 17th. Mizuho raised their price objective on shares of Five Below from $165.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Telsey Advisory Group lifted their target price on shares of Five Below from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Finally, Citigroup increased their price target on shares of Five Below from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and an average price target of $204.85.

About Five Below

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.