15,197 Shares in Five Below, Inc. (NASDAQ:FIVE) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new stake in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,197 shares of the specialty retailer’s stock, valued at approximately $3,222,000.

A number of other hedge funds have also added to or reduced their stakes in FIVE. Price T Rowe Associates Inc. MD grew its position in Five Below by 2,513.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after purchasing an additional 3,743,768 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Five Below in the fourth quarter valued at $99,794,000. William Blair Investment Management LLC grew its position in Five Below by 89.1% in the third quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after purchasing an additional 487,948 shares in the last quarter. Wasatch Advisors Inc. grew its position in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after purchasing an additional 471,349 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Five Below by 34.6% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after acquiring an additional 395,275 shares during the period.

Five Below Trading Down 3.4 %

Shares of Five Below stock opened at $157.48 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The firm’s 50 day moving average is $187.45 and its 200 day moving average is $185.73. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $3.07 earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year. As a group, research analysts anticipate that Five Below, Inc. will post 6.06 earnings per share for the current year.

Insiders Place Their Bets

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the sale, the director now directly owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of analyst reports. Gordon Haskett downgraded shares of Five Below from a “buy” rating to an “accumulate” rating and decreased their price objective for the company from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Craig Hallum decreased their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Morgan Stanley decreased their price objective on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Evercore ISI decreased their price objective on shares of Five Below from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Finally, Truist Financial reduced their target price on shares of Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and an average target price of $213.11.

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.