Quantbot Technologies LP Grows Position in Five Below, Inc. $FIVE

Quantbot Technologies LP grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 1,008.9% during the first quarter, Holdings Channel reports. The institutional investor owned 132,906 shares of the specialty retailer’s stock after buying an additional 120,921 shares during the period. Quantbot Technologies LP’s holdings in Five Below were worth $9,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Five Below by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock worth $406,430,000 after purchasing an additional 376,932 shares during the period. Federated Hermes Inc. lifted its holdings in Five Below by 26,340.9% in the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock valued at $111,337,000 after acquiring an additional 1,480,361 shares during the period. Steadfast Capital Management LP purchased a new stake in shares of Five Below in the fourth quarter valued at approximately $123,601,000. American Century Companies Inc. increased its position in shares of Five Below by 494.5% during the first quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock worth $88,042,000 after purchasing an additional 977,411 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Five Below by 14.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 710,782 shares of the specialty retailer’s stock valued at $53,255,000 after buying an additional 92,410 shares in the last quarter.

Insider Buying and Selling at Five Below

In related news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last quarter. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price objective on Five Below from $129.00 to $132.00 and gave the company an “in-line” rating in a research note on Tuesday, August 12th. Telsey Advisory Group increased their price objective on Five Below from $90.00 to $128.00 and gave the company a “market perform” rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their price objective on Five Below from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Citigroup lifted their price objective on Five Below from $121.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, Truist Financial restated a “hold” rating on shares of Five Below in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus price target of $121.47.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $135.03 on Monday. The business’s 50 day moving average price is $132.14 and its 200-day moving average price is $101.94. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 28.31 and a beta of 1.06. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $143.88.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm 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 EPS. Sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.