US Bancorp DE Sells 12,295 Shares of Five Below, Inc. (NASDAQ:FIVE)

US Bancorp DE lowered its holdings in Five Below, Inc. (NASDAQ:FIVE) by 23.7% during the first quarter, HoldingsChannel.com reports. The fund owned 39,680 shares of the specialty retailer’s stock after selling 12,295 shares during the period. US Bancorp DE’s holdings in Five Below were worth $7,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIVE. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter worth $26,000. Rise Advisors LLC bought a new stake in Five Below during the 1st quarter worth about $28,000. Planned Solutions Inc. bought a new stake in shares of Five Below during the 4th quarter valued at $34,000. CVA Family Office LLC acquired a new position in shares of Five Below during the 4th quarter worth about $36,000. Finally, Quest Partners LLC bought a new stake in shares of Five Below in the 4th quarter valued at about $37,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Five Below from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. KeyCorp decreased their target price on Five Below from $165.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Mizuho lowered Five Below from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $150.00 to $85.00 in a research report on Wednesday. Finally, Telsey Advisory Group cut their price target on shares of Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $129.37.

Five Below Trading Down 22.6 %

FIVE stock traded down $23.10 during trading hours on Wednesday, hitting $78.97. 10,419,842 shares of the stock were exchanged, compared to its average volume of 1,159,732. Five Below, Inc. has a 12 month low of $78.13 and a 12 month high of $216.18. The firm has a market capitalization of $4.35 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a 50-day simple moving average of $121.29 and a two-hundred day simple moving average of $160.23.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same period in the prior year, the business posted $0.67 earnings per share. Five Below’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Five Below, Inc. will post 5.2 earnings per share for the current 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.