Ampfield Management L.P. Reduces Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Ampfield Management L.P. trimmed its position in Five Below, Inc. (NASDAQ:FIVE) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 220,671 shares of the specialty retailer’s stock after selling 4,193 shares during the period. Five Below comprises 24.1% of Ampfield Management L.P.’s investment portfolio, making the stock its 2nd biggest position. Ampfield Management L.P. owned approximately 0.40% of Five Below worth $23,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Five Below by 69.2% during the 3rd quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock worth $805,000 after purchasing an additional 3,724 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Five Below by 318,361.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after acquiring an additional 108,243 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 395 shares during the period. International Assets Investment Management LLC increased its stake in shares of Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 15,734 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Five Below by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock worth $569,000 after purchasing an additional 430 shares during the period.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of recent research reports. Barclays raised their target price on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 7th. Mizuho lifted their target price on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.32.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $85.92 on Friday. The company’s fifty day moving average price is $97.38 and its 200-day moving average price is $91.71. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.23 and a beta of 1.12. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below 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.