Algert Global LLC Raises Stock Position in Five Below, Inc. $FIVE

Algert Global LLC increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,077 shares of the specialty retailer’s stock after purchasing an additional 4,670 shares during the period. Algert Global LLC owned 0.11% of Five Below worth $9,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Five Below by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock worth $831,740,000 after purchasing an additional 69,101 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Five Below by 21.6% during 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 buying an additional 332,615 shares during the period. Federated Hermes Inc. lifted its position in Five Below by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,496,952 shares of the specialty retailer’s stock worth $196,370,000 after acquiring an additional 10,971 shares in the last quarter. Capital World Investors lifted its position in Five Below by 0.9% during the 3rd quarter. Capital World Investors now owns 1,353,928 shares of the specialty retailer’s stock worth $209,453,000 after acquiring an additional 12,583 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Five Below by 149.0% in the 3rd quarter. Wellington Management Group LLP now owns 848,105 shares of the specialty retailer’s stock worth $131,202,000 after acquiring an additional 507,487 shares during the period.

Analyst Ratings Changes

FIVE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Five Below from a “hold” rating to a “buy” rating and set a $242.00 price objective for the company in a research report on Thursday, January 8th. Barclays raised their target price on Five Below from $193.00 to $211.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Evercore lifted their target price on Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Mizuho upped their target price on Five Below from $165.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Moderate Buy” and an average target price of $205.75.

Insiders Place Their Bets

In other Five Below news, COO Kenneth R. Bull sold 5,100 shares of Five Below stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $203.21, for a total value of $1,036,371.00. Following the completion of the transaction, the chief operating officer owned 101,040 shares of the company’s stock, valued at $20,532,338.40. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Eric M. Specter sold 8,500 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. This represents a 15.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,525 shares of company stock valued at $3,135,554. 1.90% of the stock is currently owned by corporate insiders.

Five Below Trading Up 0.6%

Shares of NASDAQ FIVE opened at $211.67 on Tuesday. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $229.33. The business has a 50 day simple moving average of $205.92 and a 200-day simple moving average of $176.68.

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.