Blueshift Asset Management LLC Cuts Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Blueshift Asset Management LLC decreased its holdings in shares of Five Below, Inc. (NASDAQ:FIVEGet Rating) by 96.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,444 shares of the specialty retailer’s stock after selling 42,904 shares during the period. Blueshift Asset Management LLC’s holdings in Five Below were worth $229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Five Below in the 4th quarter worth approximately $28,000. SJS Investment Consulting Inc. lifted its position in Five Below by 238.2% in the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in Five Below in the fourth quarter valued at approximately $49,000. Meeder Asset Management Inc. bought a new stake in Five Below in the first quarter valued at approximately $53,000. Finally, Koshinski Asset Management Inc. lifted its position in Five Below by 57.3% in the first quarter. Koshinski Asset Management Inc. now owns 354 shares of the specialty retailer’s stock valued at $56,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIVE has been the subject of several recent research reports. KeyCorp lowered their price objective on Five Below from $190.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday. Craig Hallum decreased their target price on Five Below from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, August 29th. Deutsche Bank Aktiengesellschaft upped their target price on Five Below from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Citigroup decreased their target price on Five Below from $187.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. Finally, Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and set a $140.00 target price for the company. in a report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.53.

Five Below Trading Down 4.5 %

NASDAQ FIVE opened at $129.82 on Friday. Five Below, Inc. has a 12 month low of $109.49 and a 12 month high of $221.00. The stock has a market cap of $7.20 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.32 and a beta of 1.33. The stock’s fifty day moving average price is $127.88 and its 200-day moving average price is $143.15.

Five Below (NASDAQ:FIVEGet Rating) last released its earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The company had revenue of $668.93 million during the quarter, compared to analysts’ expectations of $681.30 million. Five Below had a return on equity of 24.53% and a net margin of 9.06%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. As a group, analysts forecast that Five Below, Inc. will post 4.84 earnings per share for the current fiscal year.

Five Below Profile

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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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