The Manufacturers Life Insurance Company Buys 698 Shares of Five Below, Inc. (NASDAQ:FIVE)

The Manufacturers Life Insurance Company raised its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,334 shares of the specialty retailer’s stock after purchasing an additional 698 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Five Below worth $4,653,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Five Below during the 3rd quarter valued at about $42,000. GAMMA Investing LLC boosted its holdings in Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 814 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Five Below in the 4th quarter worth approximately $249,000. Oak Thistle LLC lifted its position in shares of Five Below by 3.0% during the 4th quarter. Oak Thistle LLC now owns 15,910 shares of the specialty retailer’s stock worth $1,670,000 after buying an additional 470 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in shares of Five Below by 691.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer’s stock worth $2,655,000 after buying an additional 22,102 shares during the period.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Five Below Stock Up 4.6 %

Shares of FIVE stock opened at $85.97 on Friday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $145.00. The firm has a fifty day moving average of $72.99 and a 200-day moving average of $87.58. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $3.65 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Five Below from $65.00 to $81.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Mizuho reduced their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. DA Davidson dropped their price target on Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their target price on Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $97.25.

Five Below Company 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.