Intech Investment Management LLC decreased its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Five Below by 40,774,210.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock valued at $10,445,139,000 after buying an additional 55,452,926 shares during the period. Vanguard Group Inc. raised its stake in Five Below by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock valued at $831,740,000 after buying an additional 69,101 shares during the period. American Century Companies Inc. raised its stake in Five Below by 21.6% in the third quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock valued at $289,771,000 after buying an additional 332,615 shares during the period. Capital World Investors raised its stake in Five Below by 0.9% in the third quarter. Capital World Investors now owns 1,353,928 shares of the specialty retailer’s stock valued at $209,453,000 after buying an additional 12,583 shares during the period. Finally, Geode Capital Management LLC raised its stake in Five Below by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 1,090,973 shares of the specialty retailer’s stock valued at $205,535,000 after buying an additional 53,808 shares during the period.
Five Below Price Performance
Five Below stock opened at $226.22 on Tuesday. The stock’s fifty day moving average price is $225.94 and its two-hundred day moving average price is $204.04. Five Below, Inc. has a one year low of $113.41 and a one 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.
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 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 in the company, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their position. The sale 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 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 transaction, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.96% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Bank of America upped their price objective on Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Barclays increased their target price on Five Below from $193.00 to $211.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $206.00 target price on shares of Five Below in a research note on Monday, February 9th. William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.80.
Check Out Our Latest Stock Analysis on Five Below
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.
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