Intech Investment Management LLC Has $3.84 Million Stake in Five Below, Inc. $FIVE

Intech Investment Management LLC decreased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 17.0% during the 4th quarter, HoldingsChannel reports. The fund owned 20,398 shares of the specialty retailer’s stock after selling 4,192 shares during the period. Intech Investment Management LLC’s holdings in Five Below were worth $3,842,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Five Below during the 3rd quarter valued at $32,000. V Square Quantitative Management LLC acquired a new stake in shares of Five Below during the 4th quarter valued at $35,000. CI Investments Inc. boosted its holdings in shares of Five Below by 44.3% during the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 74 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Five Below during the 4th quarter valued at $38,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Five Below during the 3rd quarter valued at $40,000.

Five Below Trading Down 0.5%

FIVE stock opened at $226.22 on Tuesday. The stock has a 50-day moving average price of $225.94 and a 200-day moving average price of $204.04. Five Below, Inc. has a 1-year low of $113.41 and a 1-year high of $251.63. The firm has a market cap of $12.51 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $3.48 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. On average, analysts forecast that Five Below, Inc. will post 8.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FIVE shares. Sanford C. Bernstein reissued a “market perform” rating and set a $206.00 price objective on shares of Five Below in a report on Monday, February 9th. Mizuho lifted their target price on Five Below from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Bank of America lifted their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Truist Financial lifted their target price on Five Below from $261.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.80.

Insider Buying and Selling at Five Below

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

Five Below Company 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.