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

CIBC Private Wealth Group LLC decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FIVE. Proficio Capital Partners LLC purchased a new stake in Five Below during the 4th quarter valued at $31,000. UMB Bank n.a. increased its holdings in 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 buying an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Five Below in the 3rd quarter worth about $42,000. EverSource Wealth Advisors LLC raised its position in Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the last quarter. Finally, R Squared Ltd bought a new position in Five Below during the 4th quarter valued at about $68,000.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were 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 in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Five Below Stock Performance

FIVE opened at $56.77 on Friday. 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. The company has a fifty day moving average of $83.68 and a 200 day moving average of $91.64. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $164.05.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIVE shares. Truist Financial decreased their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Loop Capital lowered their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.42.

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.