Federated Hermes Inc. Boosts Stake in Five Below, Inc. (NASDAQ:FIVE)

Federated Hermes Inc. boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 26,340.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,485,981 shares of the specialty retailer’s stock after acquiring an additional 1,480,361 shares during the quarter. Federated Hermes Inc. owned 2.70% of Five Below worth $111,337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIVE. Corient Private Wealth LLC purchased a new stake in Five Below during the fourth quarter valued at $256,000. American Century Companies Inc. increased its position in Five Below by 869.2% during the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer’s stock valued at $20,747,000 after acquiring an additional 177,269 shares during the last quarter. LPL Financial LLC increased its position in Five Below by 515.3% during the fourth quarter. LPL Financial LLC now owns 66,226 shares of the specialty retailer’s stock valued at $6,951,000 after acquiring an additional 55,462 shares during the last quarter. Vanguard Group Inc. increased its position in Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after acquiring an additional 43,537 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Five Below by 236.1% during the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock valued at $1,201,000 after acquiring an additional 8,035 shares during the last quarter.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,500 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the sale, the chief accounting officer directly owned 55,854 shares in the company, valued at approximately $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George Hill sold 1,500 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares in the company, valued at $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,200 shares of company stock worth $1,740,209. Corporate insiders own 1.90% of the company’s stock.

Five Below Trading Up 2.7%

NASDAQ:FIVE opened at $142.45 on Tuesday. The company has a market capitalization of $7.84 billion, a P/E ratio of 29.86 and a beta of 1.04. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $142.99. The business’s 50-day moving average is $126.63 and its 200 day moving average is $97.90.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. On average, research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. DA Davidson cut 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. Mizuho boosted their price target on Five Below from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd. Truist Financial boosted their price target on Five Below from $81.00 to $112.00 and gave the company a “hold” rating in a report on Monday, June 2nd. Morgan Stanley boosted their price target on Five Below from $110.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their price target on Five Below from $105.00 to $154.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.00.

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.