Geode Capital Management LLC Buys 53,808 Shares of Five Below, Inc. $FIVE

Geode Capital Management LLC increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,090,973 shares of the specialty retailer’s stock after purchasing an additional 53,808 shares during the period. Geode Capital Management LLC’s holdings in Five Below were worth $205,535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Five Below in the third quarter worth approximately $32,000. V Square Quantitative Management LLC bought a new position in shares of Five Below in the fourth quarter worth approximately $35,000. CI Investments Inc. increased its position in shares of Five Below by 44.3% in the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Spire Wealth Management bought a new position in shares of Five Below in the fourth quarter worth approximately $38,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Five Below in the third quarter worth approximately $40,000.

Analyst Ratings Changes

Several research firms recently weighed in on FIVE. JPMorgan Chase & Co. upped their price objective on shares of Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Guggenheim upped their target price on Five Below from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Truist Financial upped their target price on Five Below from $261.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Bank of America upped their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, BNP Paribas Exane upped their target price on Five Below from $189.00 to $262.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Insider Buying and Selling

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

Five Below Price Performance

Shares of FIVE opened at $220.37 on Wednesday. The firm has a market cap of $12.18 billion, a P/E ratio of 34.11, a P/E/G ratio of 1.68 and a beta of 0.97. The stock has a 50 day simple moving average of $225.94 and a two-hundred day simple moving average of $204.04. Five Below, Inc. has a 1 year low of $118.74 and a 1 year high of $251.63.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.31. The firm had revenue of $1.73 billion during 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 business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.48 earnings per share. On average, equities analysts anticipate that Five Below, Inc. will post 8.22 earnings per share for the current year.

About Five Below

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.