Iberiabank Corp cut its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 83.4% in the 3rd quarter, Holdings Channel reports. The firm owned 3,966 shares of the specialty retailer’s stock after selling 19,920 shares during the period. Iberiabank Corp’s holdings in Five Below were worth $516,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FIVE. FMR LLC lifted its stake in Five Below by 105.4% during the second quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock valued at $222,578,000 after purchasing an additional 1,168,796 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Five Below by 451.4% during the second quarter. Renaissance Technologies LLC now owns 1,382,400 shares of the specialty retailer’s stock valued at $135,074,000 after purchasing an additional 1,131,700 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Five Below by 1,022.2% during the second quarter. CIBC Private Wealth Group LLC now owns 231,595 shares of the specialty retailer’s stock valued at $22,629,000 after purchasing an additional 210,958 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in Five Below during the second quarter valued at approximately $17,603,000. Finally, Wells Fargo & Company MN lifted its stake in Five Below by 25.9% during the second quarter. Wells Fargo & Company MN now owns 812,560 shares of the specialty retailer’s stock valued at $79,395,000 after purchasing an additional 167,185 shares during the last quarter.

Several analysts recently commented on FIVE shares. Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Dougherty & Co lowered shares of Five Below from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Citigroup increased their target price on shares of Five Below from $117.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, September 7th. BidaskClub lowered shares of Five Below from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Five Below from $150.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, September 24th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $115.18.

Shares of NASDAQ:FIVE opened at $114.58 on Friday. The company has a market capitalization of $7.25 billion, a P/E ratio of 64.01, a PEG ratio of 1.71 and a beta of 0.44. Five Below Inc has a 52 week low of $54.71 and a 52 week high of $136.13.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $347.73 million during the quarter, compared to the consensus estimate of $334.82 million. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, research analysts forecast that Five Below Inc will post 2.54 earnings per share for the current year.

In other Five Below news, Director Daniel Kaufman sold 3,995 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $133.18, for a total value of $532,054.10. Following the transaction, the director now owns 5,047 shares in the company, valued at approximately $672,159.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joel D. Anderson sold 20,929 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $103.50, for a total transaction of $2,166,151.50. Following the completion of the transaction, the insider now owns 29,117 shares in the company, valued at approximately $3,013,609.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,232 shares of company stock valued at $12,919,564. 2.60% of the stock is owned by insiders.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, 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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