Wealth Enhancement Advisory Services LLC Purchases 9,910 Shares of Five Below, Inc. $FIVE

Wealth Enhancement Advisory Services LLC boosted its position in Five Below, Inc. (NASDAQ:FIVEFree Report) by 72.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,583 shares of the specialty retailer’s stock after acquiring an additional 9,910 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Five Below were worth $4,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank lifted its position in Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 141 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Five Below during the 2nd quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of Five Below during the 3rd quarter worth approximately $32,000. CI Investments Inc. raised its stake in shares of Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Five Below in the third quarter valued at approximately $40,000.

Five Below Price Performance

NASDAQ FIVE opened at $221.72 on Monday. Five Below, Inc. has a one year low of $52.38 and a one year high of $237.50. The firm has a market cap of $12.25 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.66 and a beta of 1.10. The stock’s 50-day moving average is $210.71 and its 200-day moving average is $181.58.

Five Below (NASDAQ:FIVEGet Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm earned $3.48 EPS. Five Below’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FIVE shares. Evercore raised their price objective on shares of Five Below from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Tuesday, December 23rd. Morgan Stanley upped their target price on shares of Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Truist Financial increased their price target on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings restated a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. Finally, Citigroup lifted their price objective on Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $229.86.

View Our Latest Stock Analysis on FIVE

Key Stories Impacting Five Below

Here are the key news stories impacting Five Below this week:

Insider Activity

In other news, Director Ronald Sargent sold 10,000 shares of the company’s 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 completion of the transaction, the director owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,525 shares of company stock worth $7,789,754 over the last quarter. 1.90% of the stock is currently owned by company insiders.

About Five Below

(Free Report)

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.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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