Wasatch Advisors Reduces $89M in Five Below, Inc. ($FIVE)
Key Points
- Wasatch Advisors changed its Five Below, Inc. ($FIVE) stake by 35.5% last quarter, cutting to 818,382 shares worth $162.50 million.
- Wall Street's consensus rating on $FIVE is Buy and an average price target of $260.68.
- $FIVE last traded around $198.56.
Wasatch Advisors reduced its position in Five Below, Inc. ($FIVE) by 35.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 818,382 shares of Five Below, Inc. after selling 450,372 shares during the quarter. Wasatch Advisors's holdings in Five Below, Inc. were worth $162.50 million as of its most recent filing.
Five Below, Inc. ($FIVE) Stock
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About Five Below, Inc.
Five Below, Inc. operates as a specialty value retailer in the United States. It offers assortment of classic and novelty candy bars, movie-size box candy, seasonal-related candy, gum, and snack food products, as well as sells chilled drinks through coolers; socks, jewelry, hair accessories, cozy loungewear, and t-shirts; personal care essentials, skincare, fragrance, and branded cosmetics; and party goods, decorations, gag gifts, greeting cards, and every day and special occasion merchandise products. The company also provides 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; assortment of craft activity kits with various arts and crafts supplies, such as markers, paint, canvas, compounds, slime, beads, and stickers; and supplies craft activities and school products. In addition, it offers cell phone cables and chargers, power banks, phone cases and accessories, screen protectors, auto phone accessories, and computer and tablet accessories, as well as earbuds, headphones, and speakers. Further, the company provides assortment of sport balls, sports accessories and fitness products, including hand weights and yoga mats; toys, including brand name board games, puzzles, action figures, construction sets, remote control, collectibles, novelty toys, and plush products; and outdoor toys for the pool and beach. Additionally, it offers seasonally relevant items to use for the occasions and milestones, such as Holiday, Easter, Halloween, Summer, and Back to School. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in August 2002. Five Below, Inc. was incorporated in 2002 and is headquartered in Philadelphia, Pennsylvania.
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