PNC Financial Services Group Inc. Raises Position in Five Below, Inc. (NASDAQ:FIVE)

PNC Financial Services Group Inc. boosted its position in Five Below, Inc. (NASDAQ:FIVE) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,681 shares of the specialty retailer’s stock after purchasing an additional 155 shares during the period. PNC Financial Services Group Inc.’s holdings in Five Below were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FIVE. Wasatch Advisors LP grew its holdings in Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after acquiring an additional 86,271 shares during the period. Marshall Wace LLP lifted its stake in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the period. Federated Hermes Inc. boosted its holdings in Five Below by 26,340.9% during the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after buying an additional 1,480,361 shares in the last quarter. Steadfast Capital Management LP acquired a new position in Five Below during the fourth quarter worth about $123,601,000. Finally, Stephens Investment Management Group LLC increased its holdings in Five Below by 14.9% in the first quarter. Stephens Investment Management Group LLC now owns 710,782 shares of the specialty retailer’s stock valued at $53,255,000 after buying an additional 92,410 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FIVE shares. Telsey Advisory Group upped their price target on Five Below from $90.00 to $128.00 and gave the stock a “market perform” rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price target on Five Below from $110.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 5th. Mizuho increased their price objective on shares of Five Below from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Loop Capital upgraded shares of Five Below from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $165.00 in a report on Tuesday. Finally, UBS Group upped their price target on shares of Five Below from $110.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.47.

Five Below Price Performance

Five Below stock opened at $138.30 on Thursday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $143.88. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 28.99 and a beta of 1.06. The firm’s fifty day moving average price is $131.86 and its 200 day moving average price is $101.32.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The business had revenue of $970.53 million for the quarter, compared to analysts’ expectations of $966.29 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. Analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In related news, insider George Hill sold 1,500 shares of Five Below stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares in the company, valued at approximately $5,974,080. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the transaction, the chief accounting officer owned 55,854 shares in the company, valued at $7,304,027.58. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,200 shares of company stock valued at $1,740,209. 1.90% of the stock is currently owned by corporate insiders.

About Five Below

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.