Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its stake in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 917.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,805 shares of the specialty retailer’s stock after buying an additional 35,894 shares during the period. First Trust Advisors LP owned approximately 0.07% of Five Below worth $7,040,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in shares of Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Five Below by 29.6% during the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 80 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of Five Below by 3,530.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 353 shares during the period. Bessemer Group Inc. grew its stake in shares of Five Below by 51.6% during the 3rd quarter. Bessemer Group Inc. now owns 476 shares of the specialty retailer’s stock valued at $65,000 after buying an additional 162 shares during the period. Finally, Archer Investment Corp boosted its position in Five Below by 33.3% during the 4th quarter. Archer Investment Corp now owns 400 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 100 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIVE. Truist Financial upped their price target on shares of Five Below from $217.00 to $224.00 in a research report on Thursday, March 16th. KeyCorp increased their price objective on shares of Five Below from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Five Below from $234.00 to $238.00 in a research note on Thursday, March 16th. JPMorgan Chase & Co. dropped their price target on shares of Five Below from $239.00 to $237.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. Finally, Citigroup dropped their price target on shares of Five Below from $225.00 to $220.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and an average target price of $210.22.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $179.25 on Friday. The company has a market cap of $9.98 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 1.48 and a beta of 1.16. Five Below, Inc. has a 52 week low of $109.49 and a 52 week high of $220.19. The firm has a 50 day simple moving average of $199.61 and a 200 day simple moving average of $189.35.

Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, meeting the consensus estimate of $3.07. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a net margin of 8.50% and a return on equity of 21.69%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. On average, equities analysts predict that Five Below, Inc. will post 5.6 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, Director Catherine Elizabeth Buggeln sold 2,253 shares of the stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $218.04, for a total value of $491,244.12. Following the completion of the sale, the director now owns 7,141 shares in the company, valued at approximately $1,557,023.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Five Below news, Director Catherine Elizabeth Buggeln sold 2,253 shares of the stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $218.04, for a total value of $491,244.12. Following the completion of the sale, the director now owns 7,141 shares in the company, valued at approximately $1,557,023.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider George Hill sold 2,568 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $200.34, for a total transaction of $514,473.12. Following the completion of the sale, the insider now owns 24,398 shares of the company’s stock, valued at approximately $4,887,895.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,538 shares of company stock worth $6,879,774. 1.80% of the stock is owned by corporate insiders.

Five Below Profile

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.