KBC Group NV Has $195,000 Stake in Five Below, Inc. (NASDAQ:FIVE)

KBC Group NV boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 22.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,597 shares of the specialty retailer’s stock after purchasing an additional 471 shares during the period. KBC Group NV’s holdings in Five Below were worth $195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in Five Below during the first quarter valued at $29,000. Proficio Capital Partners LLC bought a new stake in Five Below during the fourth quarter valued at $31,000. Bessemer Group Inc. boosted its position in Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 353 shares during the last quarter. UMB Bank n.a. boosted its position in Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 206 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 253 shares during the last quarter.

Five Below Price Performance

FIVE opened at $132.88 on Monday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $137.30. The firm has a market capitalization of $7.32 billion, a PE ratio of 27.86 and a beta of 1.04. The company’s 50-day moving average is $112.04 and its 200 day moving average is $94.41.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. As a group, analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Five Below from $110.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. Truist Financial increased their price objective on shares of Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, June 2nd. Guggenheim cut their price objective on shares of Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Barclays cut their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company increased their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.30.

Insider Buying and Selling at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider owned 25,890 shares in the company, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the sale, the chief accounting officer owned 55,854 shares of the company’s stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,700 shares of company stock worth $1,530,209. Insiders own 1.90% of the company’s stock.

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.