Avior Wealth Management LLC Trims Position in Five Below, Inc. (NASDAQ:FIVE)

Avior Wealth Management LLC lowered its position in Five Below, Inc. (NASDAQ:FIVE) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,638 shares of the specialty retailer’s stock after selling 350 shares during the quarter. Avior Wealth Management LLC’s holdings in Five Below were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Price T Rowe Associates Inc. MD boosted its holdings in Five Below by 2,513.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after purchasing an additional 3,743,768 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Five Below during the 4th quarter valued at approximately $99,794,000. William Blair Investment Management LLC lifted its holdings in Five Below by 89.1% in the third quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after acquiring an additional 487,948 shares during the last quarter. Wasatch Advisors Inc. grew its position in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its stake in Five Below by 34.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after acquiring an additional 395,275 shares during the last quarter.

Five Below Stock Down 0.1 %

NASDAQ:FIVE opened at $152.00 on Friday. Five Below, Inc. has a 52 week low of $144.57 and a 52 week high of $216.18. The company has a fifty day simple moving average of $185.00 and a two-hundred day simple moving average of $185.66. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts expect that Five Below, Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FIVE shares. Telsey Advisory Group decreased their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Gordon Haskett cut shares of Five Below from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Wells Fargo & Company dropped their price target on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. UBS Group decreased their price objective on shares of Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Morgan Stanley lowered their price objective on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.83.

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.