Five Below, Inc. (NASDAQ:FIVE) Stake Lessened by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,995 shares of the specialty retailer’s stock after selling 166 shares during the quarter. Great Lakes Advisors LLC’s holdings in Five Below were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gradient Investments LLC lifted its position in shares of Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after purchasing an additional 111 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after buying an additional 162 shares in the last quarter. UMB Bank n.a. grew its position in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares in the last quarter. KBC Group NV grew its position in shares of Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after acquiring an additional 312 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Five Below during the 3rd quarter valued at approximately $30,000.

Five Below Price Performance

FIVE opened at $73.00 on Monday. The business has a 50 day moving average price of $90.35 and a two-hundred day moving average price of $92.79. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $209.79.

Wall Street Analyst Weigh In

A number of research firms have commented on FIVE. The Goldman Sachs Group lifted their price objective on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. Mizuho increased their price objective 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. Craig Hallum lifted their target price on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.32.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’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 transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

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.