6,727 Shares in Five Below, Inc. $FIVE Acquired by Dakota Wealth Management

Dakota Wealth Management acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVEFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,727 shares of the specialty retailer’s stock, valued at approximately $1,267,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Five Below by 397.5% during the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after purchasing an additional 654,763 shares in the last quarter. Estate Counselors LLC purchased a new position in Five Below during the third quarter valued at approximately $3,755,000. Pacer Advisors Inc. bought a new position in Five Below in the third quarter worth approximately $1,121,000. AGF Management Ltd. bought a new position in Five Below in the third quarter worth approximately $7,304,000. Finally, Caprock Group LLC purchased a new stake in Five Below during the third quarter worth $2,346,000.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares in the company, valued at $21,665,208.34. This represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,525 shares of company stock valued at $7,789,754 over the last 90 days. Insiders own 1.90% of the company’s stock.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $221.72 on Monday. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $237.50. The business’s 50 day moving average price is $210.71 and its 200 day moving average price is $181.58. 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.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on FIVE shares. Morgan Stanley increased their target price on Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. boosted their price target on Five Below from $259.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Bank of America upped their price objective on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Truist Financial raised their price objective on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Evercore boosted their target price on shares of Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. 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. Based on data from MarketBeat.com, Five Below has an average rating of “Moderate Buy” and a consensus price target of $229.86.

View Our Latest Analysis on Five Below

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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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