Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in Five Below, Inc. (NASDAQ:FIVE) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,207 shares of the specialty retailer’s stock after selling 6,548 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.11% of Five Below worth $6,424,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gradient Investments LLC lifted its stake in Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after buying an additional 111 shares in the last quarter. UMB Bank n.a. lifted its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares in the last quarter. KBC Group NV raised its stake in Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 312 shares during the last quarter. Brooklyn Investment Group purchased a new position in Five Below in the 3rd quarter valued at $30,000. Finally, Amalgamated Bank boosted its stake in Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock worth $2,814,000 after purchasing an additional 388 shares during the last quarter.

Five Below Stock Performance

Five Below stock opened at $86.89 on Friday. The company’s 50 day simple moving average is $95.59 and its 200-day simple moving average is $92.47. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $212.01.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $801.48 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 14.6% on a year-over-year basis. Equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIVE. Barclays raised their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Loop Capital increased their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Truist Financial boosted their price objective on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $111.32.

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.