Great Lakes Advisors LLC Trims Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Great Lakes Advisors LLC lessened its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,995 shares of the specialty retailer’s stock after selling 166 shares during the quarter. Great Lakes Advisors LLC’s holdings in Five Below were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Five Below by 23.7% during the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after buying an additional 312 shares in the last quarter. ING Groep NV acquired a new stake in Five Below during the third quarter worth approximately $3,534,000. Baron Wealth Management LLC grew its stake in Five Below by 6.1% in the 3rd quarter. Baron Wealth Management LLC now owns 9,986 shares of the specialty retailer’s stock worth $882,000 after acquiring an additional 575 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Five Below in the 3rd quarter valued at $1,765,000. Finally, JW Asset Management LLC purchased a new position in shares of Five Below during the 3rd quarter worth $442,000.

Five Below Stock Performance

Five Below stock opened at $73.00 on Monday. The firm has a market capitalization of $4.02 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a one year low of $64.87 and a one year high of $209.79. The stock’s 50 day moving average price is $90.35 and its 200 day moving average price is $92.79.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Loop Capital lifted their price objective on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Mizuho lifted their price target on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Guggenheim increased their price objective on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price target on shares of Five Below in a research report on Tuesday, January 14th. Three equities 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.32.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were 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 directly owns 57,267 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

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.