Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Cambridge Investment Research Advisors Inc. (2024)

Posted by Defense World Staff on Jan 23rd, 2024

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,649 shares of the specialty retailer’s stock after selling 530 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Five Below were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Five Below during the 2nd quarter worth $25,000. Acadian Asset Management LLC acquired a new stake in shares of Five Below during the 2nd quarter worth $25,000. Sunbelt Securities Inc. increased its holdings in shares of Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Alaska Permanent Fund Corp acquired a new stake in Five Below in the 2nd quarter valued at $27,000. Finally, Canada Pension Plan Investment Board increased 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 valued at $31,000 after purchasing an additional 93 shares in the last quarter.

Wall Street Analyst Weigh In

FIVE has been the subject of several recent research reports. Wells Fargo & Company downgraded Five Below from an “overweight” rating to an “equal weight” rating and set a $215.00 price target for the company. in a report on Thursday, January 4th. Craig Hallum downgraded Five Below from a “buy” rating to a “hold” rating and lowered their price target for the company from $220.00 to $195.00 in a report on Tuesday, January 16th. Truist Financial increased their price target on Five Below from $195.00 to $214.00 and gave the company a “buy” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. increased their price target on Five Below from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Thursday, November 30th. Finally, Morgan Stanley increased their price target on Five Below from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.37.

Check Out Our Latest Analysis on Five Below

Five Below Stock Up 0.2 %

Shares of NASDAQ FIVE opened at $187.15 on Tuesday. The firm’s 50-day moving average price is $195.67 and its two-hundred day moving average price is $184.44. Five Below, Inc. has a 52-week low of $144.57 and a 52-week high of $220.19. The stock has a market capitalization of $10.33 billion, a P/E ratio of 38.67, a P/E/G ratio of 1.73 and a beta of 1.24.

Five Below (NASDAQ:FIVE – Get Free Report) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Five Below had a net margin of 8.08% and a return on equity of 19.42%. The firm had revenue of $736.41 million for the quarter, compared to analysts’ expectations of $728.04 million. During the same quarter last year, the company posted $0.29 earnings per share. Five Below’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 5.52 earnings per share for the current year.

Five Below Profile

(Free Report)

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 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.

Featured Articles

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).

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As an expert in financial analysis and investment strategies, I bring a wealth of knowledge in interpreting and evaluating market data, particularly in the realm of institutional investment and stock trading. My expertise lies in dissecting financial reports, analyzing institutional movements, and understanding market trends to make informed investment decisions.

Now, let's delve into the information provided in the article:

Cambridge Investment Research Advisors Inc.'s Position in Five Below:
- Cambridge Investment Research Advisors Inc. reduced its position in Five Below, Inc. (NASDAQ:FIVE) by 16.7% in the third quarter.
- The company's holdings were 2,649 shares of Five Below, valued at $426,000 as per the latest SEC filing.
- This indicates a strategic move by Cambridge Investment Research Advisors Inc. to adjust its portfolio concerning Five Below.
Other Institutional Movements:
- V Square Quantitative Management LLC acquired a new stake in Five Below during the 2nd quarter, investing $25,000.
- Acadian Asset Management LLC also acquired a new stake in Five Below during the 2nd quarter, with a similar investment of $25,000.
- Sunbelt Securities Inc. increased its holdings in the company by 76.3% during the 2nd quarter.
- Alaska Permanent Fund Corp acquired a new stake in the 2nd quarter, valued at $27,000.
- Canada Pension Plan Investment Board increased its holdings in the 1st quarter by 93.0%.
Wall Street Analyst Ratings:
- Wells Fargo & Company downgraded Five Below from "overweight" to "equal weight," setting a $215.00 price target.
- Craig Hallum downgraded the stock from "buy" to "hold" and lowered the price target from $220.00 to $195.00.
- Truist Financial increased the price target from $195.00 to $214.00, giving the company a "buy" rating.
- JPMorgan Chase & Co. and Morgan Stanley also provided positive outlooks, increasing their price targets.
Stock Performance:
- Five Below (NASDAQ:FIVE) opened at $187.15 on Tuesday.
- The 50-day moving average price is $195.67, and the 200-day moving average is $184.44.
- The stock has a 52-week low of $144.57 and a high of $220.19, with a market capitalization of $10.33 billion.
- The P/E ratio is 38.67, the P/E/G ratio is 1.73, and the beta is 1.24.
Earnings Report:
- Five Below reported $0.26 earnings per share (EPS) for the latest quarter, beating analysts' consensus estimates by $0.03.
- The net margin is 8.08%, and the return on equity is 19.42%.
- The company's revenue for the quarter was $736.41 million, exceeding analysts' expectations.
Analyst Consensus and Target Price:
- According to MarketBeat.com, Five Below currently has a consensus rating of "Moderate Buy," with an average target price of $224.37.
- Analysts expect the company to post 5.52 earnings per share for the current year.
Company Profile:
- Five Below, Inc. operates as a specialty value retailer in the United States, offering a range of accessories and personalized living space products.

In conclusion, the information presented in the article highlights the dynamic nature of institutional investments in Five Below, the sentiment of Wall Street analysts, the company's stock performance, and key financial metrics from its latest earnings report. This comprehensive analysis provides valuable insights for investors and stakeholders interested in understanding the market dynamics surrounding Five Below, Inc.