Avior Wealth Management LLC Trims Position in Five Below, Inc. (NASDAQ:FIVE)

Avior Wealth Management LLC trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,638 shares of the specialty retailer’s stock after selling 350 shares during the period. Avior Wealth Management LLC’s holdings in Five Below were worth $562,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in Five Below by 76.3% during the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Planned Solutions Inc. bought a new stake in Five Below during the 4th quarter valued at approximately $34,000. CVA Family Office LLC bought a new stake in Five Below during the 4th quarter valued at approximately $36,000. Canada Pension Plan Investment Board lifted its holdings in Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares in the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in Five Below in the 2nd quarter worth approximately $40,000.

Five Below Stock Performance

NASDAQ FIVE opened at $152.00 on Friday. The business’s 50 day moving average price is $185.00 and its 200-day moving average price is $185.66. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $216.18. The company has a market cap of $8.40 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.22 and a beta of 1.19.

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). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the firm earned $3.07 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities analysts predict that Five Below, Inc. will post 6.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FIVE shares. Craig Hallum reduced their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. Oppenheimer downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $235.00 to $200.00 in a report on Tuesday, January 30th. Mizuho assumed coverage on shares of Five Below in a report on Tuesday, March 19th. They set a “buy” rating and a $225.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, UBS Group decreased their target price on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. One investment 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.