Five Below, Inc. $FIVE Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd lessened its stake in Five Below, Inc. (NASDAQ:FIVE) by 91.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 279 shares of the specialty retailer’s stock after selling 3,038 shares during the quarter. Bayforest Capital Ltd’s holdings in Five Below were worth $53,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Five Below by 1.3% in the 3rd 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 in the last quarter. American Century Companies Inc. increased its stake in shares of Five Below by 21.6% in the 3rd 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. Capital World Investors increased its stake in shares of Five Below by 0.9% in the 3rd quarter. Capital World Investors now owns 1,353,928 shares of the specialty retailer’s stock valued at $209,453,000 after purchasing an additional 12,583 shares in the last quarter. Samlyn Capital LLC increased its stake in shares of Five Below by 26.0% in the 3rd quarter. Samlyn Capital LLC now owns 944,116 shares of the specialty retailer’s stock valued at $146,055,000 after purchasing an additional 194,795 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Five Below by 149.0% in the 3rd quarter. Wellington Management Group LLP now owns 848,105 shares of the specialty retailer’s stock valued at $131,202,000 after purchasing an additional 507,487 shares in the last quarter.

Insider Buying and Selling at Five Below

In other Five Below news, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director directly owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their position. The sale 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 company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the sale, the chief operating officer owned 92,531 shares of the company’s stock, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $206.00 price objective on shares of Five Below in a report on Monday, February 9th. Truist Financial increased their price objective on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. The Goldman Sachs Group increased their price objective on Five Below from $188.00 to $216.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. BNP Paribas Exane lifted their target price on shares of Five Below from $189.00 to $262.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Finally, Telsey Advisory Group lifted their target price on shares of Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.10.

Five Below Price Performance

Shares of Five Below stock opened at $238.20 on Friday. The stock has a market cap of $13.16 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.80 and a beta of 1.07. The stock’s 50 day simple moving average is $223.90 and its 200-day simple moving average is $191.48. Five Below, Inc. has a 1-year low of $71.26 and a 1-year high of $251.63.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.48 EPS. As a group, research analysts expect that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

About Five Below

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.