Primecap Management Co. CA Sells 7,200 Shares of Five Below, Inc. (NASDAQ:FIVE)

Primecap Management Co. CA lessened its holdings in Five Below, Inc. (NASDAQ:FIVE) by 66.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,700 shares of the specialty retailer’s stock after selling 7,200 shares during the period. Primecap Management Co. CA’s holdings in Five Below were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in shares of Five Below during the 1st quarter worth about $38,000. Paladin Wealth LLC acquired a new position in shares of Five Below in the third quarter valued at approximately $26,000. Partnership Wealth Management LLC increased its stake in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 300 shares during the period. Natixis acquired a new stake in Five Below during the 1st quarter worth approximately $73,000. Finally, Hobbs Group Advisors LLC bought a new position in Five Below during the 2nd quarter worth $44,000.

Five Below Price Performance

FIVE opened at $86.92 on Friday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company’s 50 day moving average price is $91.15 and its two-hundred day moving average price is $97.49. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.93 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, equities research analysts predict that Five Below, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of analyst reports. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 7th. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Mizuho reissued a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Evercore ISI boosted their target price on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.40.

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.