Bender Robert & Associates Sells 12,059 Shares of Five Below, Inc. (NASDAQ:FIVE)

Bender Robert & Associates trimmed its stake in Five Below, Inc. (NASDAQ:FIVE) by 30.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,048 shares of the specialty retailer’s stock after selling 12,059 shares during the period. Five Below accounts for about 0.7% of Bender Robert & Associates’ investment portfolio, making the stock its 24th largest position. Bender Robert & Associates’ holdings in Five Below were worth $2,839,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FIVE. Atreides Management LP bought a new position in shares of Five Below in the 3rd quarter valued at approximately $68,649,000. Two Sigma Advisers LP acquired a new stake in Five Below in the 3rd quarter valued at approximately $64,981,000. Holocene Advisors LP acquired a new stake in Five Below in the 3rd quarter valued at approximately $38,829,000. Wellington Management Group LLP grew its holdings in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after buying an additional 356,776 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Five Below by 1,094.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after buying an additional 335,493 shares during the last quarter.

Analyst Ratings Changes

FIVE has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Guggenheim lifted their price objective on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Citigroup lifted their price objective on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Truist Financial lifted 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. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.32.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $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 is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Down 2.9 %

FIVE stock opened at $75.58 on Wednesday. The company has a market cap of $4.16 billion, a P/E ratio of 15.58, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $209.79. The business has a fifty day moving average of $92.00 and a 200-day moving average of $92.97.

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.