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

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 24.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,755 shares of the specialty retailer’s stock after selling 22,419 shares during the period. Oppenheimer Asset Management Inc. owned about 0.12% of Five Below worth $5,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after acquiring an additional 38,419 shares during the period. Capital World Investors boosted its stake in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after purchasing an additional 58,883 shares during the period. 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 purchasing an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Five Below by 51.9% in the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after buying an additional 207,083 shares during the period.

Five Below Price Performance

FIVE opened at $88.05 on Friday. The firm 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 has a 50-day moving average price of $91.43 and a 200-day moving average price of $99.97. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, sell-side analysts anticipate that Five Below, Inc. will post 4.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIVE. UBS Group cut their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Craig Hallum raised their target price on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Telsey Advisory Group lowered their price target on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Melius Research began coverage on Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and upped their target price for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.40.

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.