Five Below, Inc. $FIVE Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 18.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,036 shares of the specialty retailer’s stock after selling 18,924 shares during the period. Legal & General Group Plc’s holdings in Five Below were worth $16,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Five Below during the 3rd quarter worth about $32,000. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter worth approximately $35,000. CI Investments Inc. increased its position in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the period. Spire Wealth Management acquired a new position in Five Below during the fourth quarter worth approximately $38,000. Finally, iSAM Funds UK Ltd acquired a new position in Five Below during the third quarter worth approximately $40,000.

Five Below Trading Down 0.5%

NASDAQ:FIVE opened at $226.22 on Tuesday. The firm has a market cap of $12.51 billion, a P/E ratio of 35.02, a PEG ratio of 1.69 and a beta of 0.97. The stock’s 50 day simple moving average is $225.94 and its 200-day simple moving average is $204.04. Five Below, Inc. has a 12-month low of $113.41 and a 12-month high of $251.63.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.31. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.48 earnings per share. Research analysts forecast that Five Below, Inc. will post 8.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Kenneth R. Bull sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several research analyst reports. William Blair raised Five Below from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Bank of America lifted their price target on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Mizuho lifted their price target on Five Below from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Guggenheim lifted their price target on Five Below from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Wall Street Zen raised Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.