Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Amundi

Amundi lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,581 shares of the specialty retailer’s stock after selling 189,153 shares during the period. Amundi owned approximately 0.18% of Five Below worth $10,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares in the last quarter. National Bank of Canada FI boosted its position in Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after purchasing an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Five Below during the third quarter worth $3,282,000. Algert Global LLC boosted its position in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares in the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new stake in Five Below during the third quarter worth $522,000.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of research analyst reports. Craig Hallum boosted their target price on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Barclays upped their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Mizuho upped their price objective on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Citigroup upped their price objective on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $111.32.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $73.00 on Friday. The firm has a market capitalization of $4.02 billion, a PE ratio of 15.05, a P/E/G ratio of 1.19 and a beta of 1.11. The business has a 50-day moving average of $90.84 and a two-hundred day moving average of $92.69. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $209.79.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated 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 directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.