Montag & Caldwell LLC Cuts Holdings in Five Below, Inc. (NASDAQ:FIVE)

Montag & Caldwell LLC cut its holdings in Five Below, Inc. (NASDAQ:FIVE) by 24.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,059 shares of the specialty retailer’s stock after selling 10,205 shares during the quarter. Montag & Caldwell LLC owned 0.06% of Five Below worth $3,493,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC grew its holdings in shares of Five Below by 1.7% in the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after acquiring an additional 76 shares during the period. Parallel Advisors LLC raised its stake in shares of Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Five Below by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after buying an additional 115 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter worth about $26,000. Finally, Fifth Third Bancorp grew its position in shares of Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 147 shares during the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of recent analyst reports. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Loop Capital cut their price objective on shares of Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, June 7th. Bank of America boosted their target price on shares of Five Below from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research note on Saturday, June 8th. Finally, Truist Financial restated a “hold” rating and set a $89.00 price objective on shares of Five Below in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $109.63.

Five Below Stock Up 4.4 %

Shares of NASDAQ:FIVE opened at $96.56 on Monday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The company’s fifty day simple moving average is $79.73 and its 200 day simple moving average is $125.46. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.99 and a beta of 1.21.

About Five Below

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.