Focus Partners Advisor Solutions LLC Has $696,000 Holdings in Five Below, Inc. $FIVE

Focus Partners Advisor Solutions LLC grew its position in Five Below, Inc. (NASDAQ:FIVE) by 148.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,536 shares of the specialty retailer’s stock after acquiring an additional 2,713 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Five Below were worth $696,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FIVE. Vanguard Group Inc. raised its position in Five Below by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock valued at $831,740,000 after purchasing an additional 69,101 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Five Below by 21.6% during the third quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock valued at $289,771,000 after purchasing an additional 332,615 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Five Below by 0.7% during the second quarter. Federated Hermes Inc. now owns 1,496,952 shares of the specialty retailer’s stock worth $196,370,000 after purchasing an additional 10,971 shares during the last quarter. Norges Bank bought a new stake in shares of Five Below during the second quarter worth about $110,834,000. Finally, Jennison Associates LLC increased its stake in shares of Five Below by 397.5% in the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after buying an additional 654,763 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently commented on FIVE shares. Evercore lifted their target price on shares of Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Wells Fargo & Company upped their price target on shares of Five Below from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Mizuho raised their price target on shares of Five Below from $165.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Loop Capital reiterated a “buy” rating and set a $200.00 price target on shares of Five Below in a report on Wednesday, December 17th. Finally, Telsey Advisory Group boosted their price objective on shares of Five Below from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Five Below currently has an average rating of “Moderate Buy” and a consensus price target of $204.85.

Insider Transactions at Five Below

In related news, COO Kenneth R. Bull sold 1,925 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $202.29, for a total value of $389,408.25. Following the transaction, the chief operating officer directly owned 99,115 shares in the company, valued at $20,049,973.35. This trade represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric M. Specter sold 8,500 shares of Five Below stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the sale, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. The trade was a 15.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,225 shares of company stock worth $4,901,695. 1.90% of the stock is currently owned by insiders.

Five Below Price Performance

FIVE stock opened at $215.28 on Friday. The company’s 50-day moving average is $202.84 and its 200-day moving average is $173.36. The stock has a market capitalization of $11.87 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $229.33.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.46. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $971.96 million. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. On average, analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below Profile

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.