Five Below, Inc. $FIVE Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Five Below, Inc. (NASDAQ:FIVE) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,411 shares of the specialty retailer’s stock after purchasing an additional 915 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Five Below were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jump Financial LLC grew its stake in Five Below by 41.3% in the 1st quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer’s stock worth $11,946,000 after acquiring an additional 46,586 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 155 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Five Below by 169.9% in the first quarter. Smartleaf Asset Management LLC now owns 1,997 shares of the specialty retailer’s stock valued at $146,000 after purchasing an additional 1,257 shares during the period. Entropy Technologies LP acquired a new position in Five Below in the first quarter valued at $240,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Five Below by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 681,872 shares of the specialty retailer’s stock worth $51,089,000 after buying an additional 28,601 shares during the period.

Insider Buying and Selling

In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.41, for a total value of $119,763.38. Following the completion of the transaction, the executive vice president directly owned 9,858 shares of the company’s stock, valued at $1,443,309.78. This represents a 7.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays set a $135.00 price target on Five Below in a report on Thursday, August 28th. Morgan Stanley raised their target price on shares of Five Below from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Loop Capital raised shares of Five Below from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $165.00 in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Five Below in a research note on Wednesday, October 8th. Finally, Truist Financial lifted their price target on shares of Five Below from $141.00 to $148.00 and gave the company a “hold” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.94.

Five Below Stock Up 2.3%

FIVE opened at $166.95 on Thursday. The firm has a market capitalization of $9.21 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.33 and a beta of 1.21. The firm’s 50 day moving average is $153.77 and its 200-day moving average is $139.17. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $168.98.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.20. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.