Blueshift Asset Management LLC Sells 1,942 Shares of Five Below, Inc. (NASDAQ:FIVE)

Blueshift Asset Management LLC lessened its stake in Five Below, Inc. (NASDAQ:FIVE) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,637 shares of the specialty retailer’s stock after selling 1,942 shares during the period. Blueshift Asset Management LLC’s holdings in Five Below were worth $498,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new stake in shares of Five Below in the 3rd quarter valued at $26,000. Brooklyn Investment Group acquired a new stake in Five Below in the third quarter worth about $30,000. Partnership Wealth Management LLC raised its holdings in Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. LRI Investments LLC acquired a new position in Five Below during the 1st quarter valued at about $38,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Five Below in the 2nd quarter valued at about $44,000.

Five Below Price Performance

Shares of Five Below stock opened at $93.01 on Thursday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The stock’s 50-day moving average is $90.75 and its 200-day moving average is $96.11.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, equities analysts expect that Five Below, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

FIVE has been the subject of a number of recent research reports. Mizuho reissued a “neutral” rating and set a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. Evercore ISI increased their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Telsey Advisory Group downgraded Five Below from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $102.00 to $95.00 in a report on Monday. Finally, Melius Research initiated coverage on Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.05.

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.