Trust Point Inc. Trims Stake in Five Below, Inc. (NASDAQ:FIVE)

Trust Point Inc. trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,149 shares of the specialty retailer’s stock after selling 504 shares during the period. Trust Point Inc.’s holdings in Five Below were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after buying an additional 180,902 shares during the period. National Bank of Canada FI boosted its holdings in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after buying an additional 47,940 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Five Below in the 3rd quarter worth $3,282,000. Algert Global LLC boosted its holdings in Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after buying an additional 20,266 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Five Below by 72.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares during the period.

Five Below Stock Down 1.5 %

Shares of FIVE opened at $92.33 on Tuesday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The company has a 50 day moving average of $100.83 and a two-hundred day moving average of $90.19. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Analysts Set New Price Targets

FIVE has been the subject of several recent analyst reports. Craig Hallum upped their target price on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup increased their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 7th. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Truist Financial upped their target price on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Five Below has an average rating of “Hold” and an average target price of $111.32.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

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.