Oppenheimer Asset Management Inc. Decreases Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Oppenheimer Asset Management Inc. lessened its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 24.9% during the third quarter, HoldingsChannel.com reports. The fund owned 67,755 shares of the specialty retailer’s stock after selling 22,419 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Five Below were worth $5,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FIVE. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. Marshall Wace LLP raised its stake in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after buying an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after buying an additional 167,330 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after buying an additional 108,243 shares during the last quarter. Finally, Riverbridge Partners LLC grew its holdings in shares of Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after acquiring an additional 72,020 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group lowered their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Truist Financial increased their price objective on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. The Goldman Sachs Group reduced their target price on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Citigroup decreased their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.40.

Five Below Trading Up 4.2 %

NASDAQ FIVE opened at $88.05 on Friday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market cap of $4.84 billion, a PE ratio of 17.33, a P/E/G ratio of 0.92 and a beta of 1.20. The stock’s 50 day moving average is $91.43 and its 200 day moving average is $99.97.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. On average, analysts forecast that Five Below, Inc. will post 4.56 EPS for the current fiscal 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.