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

Federated Hermes Inc. reduced its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 20.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 206,059 shares of the specialty retailer’s stock after selling 52,353 shares during the quarter. Federated Hermes Inc.’s holdings in Five Below were worth $43,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIVE. Sunbelt Securities Inc. increased its position in shares of Five Below by 76.3% during the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after buying an additional 93 shares during the last quarter. Planned Solutions Inc. acquired a new position in Five Below during the fourth quarter worth approximately $34,000. CVA Family Office LLC acquired a new position in Five Below during the fourth quarter worth approximately $36,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Five Below in the second quarter valued at approximately $40,000.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $150.29 on Friday. The firm has a market cap of $8.30 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18. The firm’s 50 day moving average price is $184.23 and its 200 day moving average price is $185.61.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. UBS Group decreased their target price on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Evercore ISI lowered their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley lowered their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, Barclays dropped their price target on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.