Somerset Trust Co Sells 299 Shares of Five Below, Inc. (NASDAQ:FIVE)

Somerset Trust Co decreased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,602 shares of the specialty retailer’s stock after selling 299 shares during the period. Somerset Trust Co’s holdings in Five Below were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Five Below by 6.1% in the second quarter. American Century Companies Inc. now owns 23,041 shares of the specialty retailer’s stock worth $2,511,000 after buying an additional 1,321 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after acquiring an additional 167,330 shares during the period. Renaissance Technologies LLC bought a new stake in Five Below during the second quarter valued at about $5,985,000. Amalgamated Bank grew its position in shares of Five Below by 3.3% in the second quarter. Amalgamated Bank now owns 31,703 shares of the specialty retailer’s stock valued at $3,455,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Five Below by 40.8% in the second quarter. Blair William & Co. IL now owns 71,066 shares of the specialty retailer’s stock worth $7,744,000 after purchasing an additional 20,593 shares during the period.

Analysts Set New Price Targets

Several analysts recently weighed in on FIVE shares. William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Evercore ISI raised their price objective on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Guggenheim upped their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Craig Hallum raised their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Loop Capital boosted their price objective on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Three 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $115.75.

Five Below Stock Down 2.4 %

Shares of NASDAQ:FIVE opened at $90.64 on Friday. The firm has a market cap of $4.99 billion, a P/E ratio of 18.69, a P/E/G ratio of 0.96 and a beta of 1.14. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The company’s 50-day moving average price is $98.94 and its two-hundred day moving average price is $90.76.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Five Below’s revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts predict that Five Below, Inc. will post 4.92 earnings per share for the current fiscal year.

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.