Montag & Caldwell LLC Sells 45,746 Shares of Five Below, Inc. (NASDAQ:FIVE)

Montag & Caldwell LLC cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,252 shares of the specialty retailer’s stock after selling 45,746 shares during the period. Five Below makes up 3.0% of Montag & Caldwell LLC’s holdings, making the stock its 16th biggest holding. Montag & Caldwell LLC’s holdings in Five Below were worth $17,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIVE. Russell Investments Group Ltd. increased its stake in Five Below by 34.5% during the 4th quarter. Russell Investments Group Ltd. now owns 66,821 shares of the specialty retailer’s stock valued at $14,244,000 after purchasing an additional 17,125 shares in the last quarter. Truist Financial Corp raised its position in Five Below by 3.1% during the 4th quarter. Truist Financial Corp now owns 30,855 shares of the specialty retailer’s stock worth $6,577,000 after buying an additional 914 shares during the last quarter. Overbrook Management Corp purchased a new position in Five Below during the 4th quarter worth approximately $213,000. Atria Wealth Solutions Inc. grew its stake in shares of Five Below by 64.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,922 shares of the specialty retailer’s stock worth $623,000 after purchasing an additional 1,143 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Five Below by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 26,262 shares of the specialty retailer’s stock valued at $5,598,000 after acquiring an additional 280 shares during the period.

Five Below Price Performance

Shares of FIVE stock traded down $1.47 on Monday, reaching $148.61. 150,940 shares of the company were exchanged, compared to its average volume of 870,624. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.20 and a beta of 1.19. The company has a 50-day moving average of $180.37 and a 200-day moving average of $185.47. Five Below, Inc. has a one year low of $144.57 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $3.07 EPS. As a group, sell-side analysts predict that Five Below, Inc. will post 6.05 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIVE. Barclays lowered their target price 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. Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $210.00 to $200.00 in a report on Wednesday, April 3rd. Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $235.00 to $200.00 in a research note on Tuesday, January 30th. Truist Financial cut their price target on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Telsey Advisory Group cut their price objective on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below 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.