Patten Group Inc. Sells 1,473 Shares of Five Below, Inc. (NASDAQ:FIVE)

Patten Group Inc. lowered its holdings in Five Below, Inc. (NASDAQ:FIVE) by 26.7% in the fourth quarter, Holdings Channel reports. The firm owned 4,037 shares of the specialty retailer’s stock after selling 1,473 shares during the quarter. Patten Group Inc.’s holdings in Five Below were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FIVE. Private Advisor Group LLC grew its position in Five Below by 20.8% in the third quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 395 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Five Below by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock valued at $569,000 after acquiring an additional 430 shares during the period. Janney Montgomery Scott LLC grew its position in shares of 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 acquiring an additional 9,188 shares during the period. American Capital Advisory LLC grew its position in shares of 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 grew its position in shares of 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 Analyst Weigh In

A number of brokerages have recently commented on FIVE. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Craig Hallum lifted their price objective 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. Truist Financial lifted their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $111.32.

Five Below Stock Down 1.8 %

Shares of Five Below stock opened at $82.70 on Wednesday. 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 simple moving average of $95.12 and a two-hundred day simple moving average of $92.88. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share 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 business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the business’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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

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.