Crestwood Capital Management L.P. Has $1.60 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Crestwood Capital Management L.P. lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 85.2% in the third quarter, Holdings Channel.com reports. The firm owned 18,102 shares of the specialty retailer’s stock after selling 104,000 shares during the period. Five Below comprises approximately 1.2% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 14th biggest holding. Crestwood Capital Management L.P.’s holdings in Five Below were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Five Below by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after purchasing an additional 115 shares during the period. Fifth Third Bancorp raised its holdings in shares of Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Five Below by 9.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 180 shares during the period. Peloton Wealth Strategists raised its holdings in shares of Five Below by 3.0% in the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after purchasing an additional 200 shares during the period. Finally, Partnership Wealth Management LLC raised its holdings in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Telsey Advisory Group cut shares of Five Below from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $102.00 to $95.00 in a report on Monday. UBS Group lowered their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Mizuho reissued a “neutral” rating and set a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Finally, Melius Research assumed coverage on shares of Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.05.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $91.61 on Tuesday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The firm has a fifty day moving average of $91.01 and a 200 day moving average of $96.46. The firm has a market capitalization of $5.04 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20.

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