Citigroup Inc. Has $2.31 Million Stock Holdings in Five Below, Inc. $FIVE

Citigroup Inc. boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 40.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,901 shares of the specialty retailer’s stock after purchasing an additional 4,270 shares during the period. Citigroup Inc.’s holdings in Five Below were worth $2,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Five Below in the 2nd quarter worth about $110,834,000. Jennison Associates LLC lifted its holdings in shares of Five Below by 397.5% during the 3rd 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 last quarter. Hudson Bay Capital Management LP grew its stake in shares of Five Below by 1,770.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 471,506 shares of the specialty retailer’s stock valued at $61,852,000 after buying an additional 446,301 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Five Below by 31.1% in the 2nd quarter. American Century Companies Inc. now owns 1,540,501 shares of the specialty retailer’s stock valued at $202,083,000 after buying an additional 365,426 shares in the last quarter. Finally, Semper Augustus Investments Group LLC increased its holdings in Five Below by 310.4% in the second quarter. Semper Augustus Investments Group LLC now owns 322,806 shares of the specialty retailer’s stock worth $42,346,000 after buying an additional 244,142 shares during the last quarter.

Insider Activity

In related news, 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 value of $1,709,775.00. Following the transaction, the chief accounting officer owned 45,724 shares in the company, valued at $9,197,382.60. This trade represents a 15.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen S. Barclay sold 2,200 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $182.03, for a total transaction of $400,466.00. Following the transaction, the director directly owned 9,214 shares of the company’s stock, valued at approximately $1,677,224.42. This represents a 19.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 25,225 shares of company stock valued at $4,901,695. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial set a $236.00 price objective on shares of Five Below in a research report on Wednesday, January 14th. Barclays boosted their target price on shares of Five Below from $160.00 to $193.00 and gave the stock a “positive” rating in a research report on Thursday, January 8th. UBS Group set a $255.00 price target on shares of Five Below in a report on Tuesday, January 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $206.00 price objective on shares of Five Below in a research note on Monday, February 9th. Finally, Mizuho upped their price objective on shares of Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

Five Below Stock Down 2.9%

Shares of Five Below stock opened at $215.28 on Friday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $229.33. The stock has a 50 day moving average price of $202.84 and a two-hundred day moving average price of $173.36. The stock has a market capitalization of $11.87 billion, a P/E ratio of 38.65, a PEG ratio of 1.65 and a beta of 1.10.

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

Five Below Company 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.