Kensington Investment Counsel LLC Decreases Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Kensington Investment Counsel LLC cut its stake in Five Below, Inc. (NASDAQ:FIVE) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,043 shares of the specialty retailer’s stock after selling 2,764 shares during the period. Kensington Investment Counsel LLC’s holdings in Five Below were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gradient Investments LLC boosted its holdings in Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after purchasing an additional 111 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in Five Below by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after purchasing an additional 162 shares during the period. UMB Bank n.a. boosted its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the period. KBC Group NV boosted its holdings in Five Below by 23.7% in the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 312 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Five Below in the third quarter valued at $30,000.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVE. Barclays lifted their price target on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Craig Hallum lifted their price target on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, Loop Capital lifted their price target on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Three equities 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, the stock currently has a consensus rating of “Hold” and an average target price of $111.32.

Five Below Stock Up 1.9 %

Shares of FIVE stock opened at $74.37 on Tuesday. The stock has a market capitalization of $4.09 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $209.79. The stock’s 50-day moving average price is $89.81 and its 200 day moving average price is $92.76.

About Five Below

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.