Jennison Associates LLC Acquires 412,641 Shares of Five Below, Inc. (FIVE)

Jennison Associates LLC boosted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,124,055 shares of the specialty retailer’s stock after purchasing an additional 412,641 shares during the period. Jennison Associates LLC owned approximately 3.85% of Five Below worth $116,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FIVE. Vanguard Group Inc. lifted its stake in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after purchasing an additional 235,589 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Five Below by 42.2% in the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock worth $38,313,000 after purchasing an additional 230,191 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Five Below by 1,392.6% in the second quarter. OxFORD Asset Management LLP now owns 171,371 shares of the specialty retailer’s stock worth $8,461,000 after purchasing an additional 159,890 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Five Below in the second quarter worth $5,540,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Five Below by 28.6% during the second quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after acquiring an additional 110,050 shares during the last quarter.

In related news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.22% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research note on Friday. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Wells Fargo & Company assumed coverage on shares of Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price objective for the company. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five Below in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Five Below has an average rating of “Buy” and an average target price of $55.66.

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Five Below, Inc. (NASDAQ:FIVE) traded up $0.14 during trading hours on Friday, hitting $57.53. 420,400 shares of the stock were exchanged, compared to its average volume of 747,042. Five Below, Inc. has a 1 year low of $36.90 and a 1 year high of $58.34. The stock has a market capitalization of $3,175.66, a PE ratio of 39.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. equities research analysts expect that Five Below, Inc. will post 1.66 earnings per share for the current fiscal year.

Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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

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