Dynamic Technology Lab Private Ltd Lowers Holdings in Five Below, Inc. (NASDAQ:FIVE)

Dynamic Technology Lab Private Ltd cut its stake in Five Below, Inc. (NASDAQ:FIVE) by 64.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,104 shares of the specialty retailer’s stock after selling 24,044 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Five Below were worth $1,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Two Sigma Advisers LP acquired a new position in Five Below in the third quarter valued at $64,981,000. Norges Bank acquired a new position in shares of Five Below in the 4th quarter valued at about $66,933,000. Alliancebernstein L.P. grew its holdings in shares of Five Below by 487.0% during the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock worth $59,480,000 after purchasing an additional 470,150 shares during the period. Wellington Management Group LLP increased its position in Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after purchasing an additional 356,776 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Five Below by 869.2% in the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer’s stock valued at $20,747,000 after buying an additional 177,269 shares during the period.

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s 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 transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIVE. Evercore ISI decreased their price objective on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Telsey Advisory Group reduced their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Bank of America lowered their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. Finally, Loop Capital reduced their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.42.

Five Below Stock Performance

Shares of FIVE stock opened at $56.77 on Friday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a one year low of $52.38 and a one year high of $164.05. The company’s 50-day simple moving average is $83.68 and its 200-day simple moving average is $91.64.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.65 EPS. As a group, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

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.