Tabor Asset Management LP Decreases Stake in Five Below, Inc. (NASDAQ:FIVE)

Tabor Asset Management LP cut its stake in Five Below, Inc. (NASDAQ:FIVE) by 20.5% in the fourth quarter, Holdings Channel reports. The firm owned 64,783 shares of the specialty retailer’s stock after selling 16,698 shares during the period. Five Below comprises 3.2% of Tabor Asset Management LP’s holdings, making the stock its 13th largest position. Tabor Asset Management LP’s holdings in Five Below were worth $6,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its position in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the last quarter. R Squared Ltd purchased a new position in Five Below during the 4th quarter worth approximately $68,000. Finally, Lazard Asset Management LLC acquired a new stake in Five Below during the 4th quarter valued at approximately $99,000.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Five Below Stock Up 0.9%

Shares of NASDAQ FIVE opened at $106.52 on Monday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The company’s 50-day simple moving average is $75.34 and its 200-day simple moving average is $87.98. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $141.70.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $3.65 EPS. Five Below’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

FIVE has been the topic of a number of research reports. Mizuho cut their price objective on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group cut their price target on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Truist Financial lifted their price objective on Five Below from $65.00 to $81.00 and gave the company a “hold” rating in a research note on Monday, May 5th. Guggenheim reduced their price objective on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Bank of America lowered their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.25.

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.