LPL Financial LLC Lowers Holdings in Five Below Inc (FIVE)

LPL Financial LLC lessened its position in shares of Five Below Inc (NASDAQ:FIVE) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,417 shares of the specialty retailer’s stock after selling 919 shares during the period. LPL Financial LLC’s holdings in Five Below were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FIVE. TCI Wealth Advisors Inc. increased its holdings in Five Below by 270.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Somerset Trust Co increased its holdings in Five Below by 602.5% during the 4th quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 241 shares in the last quarter. First Hawaiian Bank increased its holdings in Five Below by 52.3% during the 4th quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 260 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Five Below during the 4th quarter worth about $97,000. Finally, Advisors Asset Management Inc. increased its holdings in Five Below by 1,206.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 954 shares of the specialty retailer’s stock worth $124,000 after purchasing an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Five Below stock opened at $118.64 on Friday. Five Below Inc has a one year low of $66.83 and a one year high of $136.13. The stock has a market cap of $6.49 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60.



A number of equities analysts have issued reports on the company. Credit Suisse Group lowered their target price on Five Below from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, December 6th. ValuEngine cut Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Evercore ISI assumed coverage on Five Below in a report on Wednesday. They set an “outperform” rating and a $140.00 target price for the company. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Finally, JPMorgan Chase & Co. cut Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 target price for the company. in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $124.07.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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