Five Below, Inc. (NASDAQ:FIVE) is Ampfield Management L.P.’s 2nd Largest Position

Ampfield Management L.P. lessened its position in Five Below, Inc. (NASDAQ:FIVE) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 220,671 shares of the specialty retailer’s stock after selling 4,193 shares during the period. Five Below accounts for 24.1% of Ampfield Management L.P.’s holdings, making the stock its 2nd largest holding. Ampfield Management L.P.’s holdings in Five Below were worth $23,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Creative Planning boosted its holdings in shares of Five Below by 69.2% during the third quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock worth $805,000 after purchasing an additional 3,724 shares during the period. Allspring Global Investments Holdings LLC raised its position in Five Below by 318,361.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after purchasing an additional 108,243 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Five Below by 20.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock worth $203,000 after buying an additional 395 shares during the period. International Assets Investment Management LLC grew its position in shares of Five Below by 1,379.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after buying an additional 15,734 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Five Below by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock valued at $569,000 after buying an additional 430 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIVE shares. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley increased their target price on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.32.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Five Below Stock Down 3.6 %

Shares of FIVE opened at $85.92 on Friday. The company has a market capitalization of $4.73 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The firm has a 50 day moving average of $97.38 and a 200 day moving average of $91.71.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

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.