Jennison Associates LLC Cuts Stake in Five Below, Inc. $FIVE

Jennison Associates LLC reduced its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 23.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,739 shares of the specialty retailer’s stock after selling 51,441 shares during the period. Jennison Associates LLC owned about 0.30% of Five Below worth $21,610,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Five Below by 17.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,544 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 521 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Five Below by 246.9% in the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 353 shares during the last quarter. KBC Group NV increased its position in shares of Five Below by 22.2% in the 1st quarter. KBC Group NV now owns 2,597 shares of the specialty retailer’s stock valued at $195,000 after purchasing an additional 471 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Five Below in the 1st quarter valued at approximately $602,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Five Below by 8.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock valued at $1,467,000 after purchasing an additional 1,586 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FIVE shares. Citigroup increased their price objective on shares of Five Below from $142.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Sanford C. Bernstein started coverage on shares of Five Below in a research report on Wednesday, September 17th. They issued a “market perform” rating and a $160.00 price objective on the stock. Zacks Research raised shares of Five Below from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Craig Hallum increased their price objective on shares of Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen cut shares of Five Below from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and an average price target of $152.84.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $157.27 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.33 and a beta of 1.18. The firm has a fifty day moving average price of $151.50 and a 200 day moving average price of $128.99. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $168.98.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.20. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $988.91 million. Five Below had a net margin of 6.45% and a return on equity of 17.13%. Five Below’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. Sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ronald James Masciantonio sold 818 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $146.41, for a total transaction of $119,763.38. Following the completion of the sale, the executive vice president owned 9,858 shares in the company, valued at $1,443,309.78. This represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

About Five Below

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.