Mutual of America Capital Management LLC Sells 1,151 Shares of Five Below, Inc. (NASDAQ:FIVE)

Mutual of America Capital Management LLC reduced its position in Five Below, Inc. (NASDAQ:FIVE) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,165 shares of the specialty retailer’s stock after selling 1,151 shares during the period. Mutual of America Capital Management LLC’s holdings in Five Below were worth $4,950,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC boosted its position in Five Below by 20.8% during the third quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 395 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Five Below by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock worth $569,000 after buying an additional 430 shares during the period. Janney Montgomery Scott LLC grew its stake 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 valued at $1,927,000 after buying an additional 9,188 shares during the last quarter. American Capital Advisory LLC raised its holdings in Five Below by 4,792.4% in the 3rd quarter. American Capital Advisory LLC now owns 5,773 shares of the specialty retailer’s stock valued at $510,000 after acquiring an additional 5,655 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Five Below by 64.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,217 shares of the specialty retailer’s stock valued at $196,000 after acquiring an additional 868 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research report on Tuesday, January 14th. Craig Hallum boosted their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Loop Capital upped their price target on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $111.32.

Five Below Price Performance

Shares of FIVE opened at $82.70 on Wednesday. The firm has a 50 day simple moving average of $95.12 and a two-hundred day simple moving average of $92.88. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The company has a market cap of $4.55 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.19 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred 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 directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.