Icon Wealth Advisors LLC Sells 934 Shares of Five Below, Inc. (NASDAQ:FIVE)

Icon Wealth Advisors LLC decreased its stake in Five Below, Inc. (NASDAQ:FIVE) by 29.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,202 shares of the specialty retailer’s stock after selling 934 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Five Below were worth $195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Riverbridge Partners LLC lifted its stake in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter. Marshall Wace LLP lifted its stake in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after purchasing an additional 167,330 shares during the last quarter.

Analysts Set New Price Targets

FIVE has been the subject of several analyst reports. Mizuho reaffirmed a “neutral” rating and set a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. Craig Hallum raised their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Evercore ISI raised their price target on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group dropped their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, UBS Group dropped their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.40.

Five Below Price Performance

NASDAQ:FIVE opened at $86.92 on Monday. The firm has a 50-day moving average of $91.15 and a 200-day moving average of $96.82. The company has a market cap of $4.78 billion, a PE ratio of 17.11, a PEG ratio of 0.92 and a beta of 1.20. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

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

Five Below 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.