CIBC Private Wealth Group LLC Reduces Holdings in Five Below, Inc. (NASDAQ:FIVE)

CIBC Private Wealth Group LLC lessened its position in Five Below, Inc. (NASDAQ:FIVE) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,624 shares of the specialty retailer’s stock after selling 2,227 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Five Below were worth $361,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in Five Below by 11.7% in the fourth quarter. California Public Employees Retirement System now owns 83,278 shares of the specialty retailer’s stock worth $8,741,000 after purchasing an additional 8,742 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Five Below by 9.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,661 shares of the specialty retailer’s stock worth $804,000 after buying an additional 676 shares during the period. Norges Bank bought a new stake in shares of Five Below during the 4th quarter worth approximately $66,933,000. WINTON GROUP Ltd purchased a new position in Five Below during the 4th quarter valued at $2,427,000. Finally, Prudential Financial Inc. grew its position in Five Below by 236.1% in the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock valued at $1,201,000 after acquiring an additional 8,035 shares during the last quarter.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Five Below Price Performance

Five Below stock opened at $56.77 on Friday. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $164.05. The business has a fifty day moving average price of $83.68 and a 200-day moving average price of $91.64. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $3.65 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIVE shares. The Goldman Sachs Group decreased their target price on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Truist Financial lowered their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. UBS Group lowered their price target on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Finally, Bank of America decreased their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus target price of $101.42.

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.