American International Group Inc. Sells 3,218 Shares of Five Below, Inc. (NASDAQ:FIVE)

American International Group Inc. decreased its position in shares of Five Below, Inc. (NASDAQ:FIVEFree Report) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 75,689 shares of the specialty retailer’s stock after selling 3,218 shares during the quarter. American International Group Inc.’s holdings in Five Below were worth $16,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Five Below in the fourth quarter worth approximately $26,000. Planned Solutions Inc. acquired a new stake in Five Below in the fourth quarter worth $34,000. CVA Family Office LLC bought a new stake in Five Below in the fourth quarter valued at $36,000. Quest Partners LLC acquired a new position in shares of Five Below during the fourth quarter valued at about $37,000. Finally, Parallel Advisors LLC boosted its position in shares of Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter.

Five Below Price Performance

Shares of FIVE traded down $0.87 during mid-day trading on Friday, hitting $112.88. The stock had a trading volume of 2,400,344 shares, compared to its average volume of 1,787,790. Five Below, Inc. has a 52 week low of $106.21 and a 52 week high of $216.18. The business has a fifty day moving average price of $140.07 and a 200-day moving average price of $174.64. The firm has a market cap of $6.22 billion, a P/E ratio of 21.22, a PEG ratio of 1.05 and a beta of 1.17.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. During the same quarter last year, the firm posted $0.67 earnings per share. Five Below’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts expect that Five Below, Inc. will post 5.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley cut their price target on Five Below from $210.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group dropped their price objective on shares of Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Craig Hallum decreased their target price on shares of Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Truist Financial dropped their price target on shares of Five Below from $176.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Five Below from $201.00 to $177.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.50.

Read Our Latest Stock Analysis on FIVE

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 lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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