Corebridge Financial Inc. Has $6.58 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Corebridge Financial Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,732 shares of the specialty retailer’s stock after selling 2,896 shares during the period. Corebridge Financial Inc. owned 0.11% of Five Below worth $6,584,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Gradient Investments LLC raised its position in shares of Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after acquiring an additional 111 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 162 shares during the period. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Summit Creek Advisors LLC increased its holdings in Five Below by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer’s stock valued at $10,231,000 after purchasing an additional 311 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Five Below during the 3rd quarter worth about $30,000.

Five Below Stock Down 7.8 %

NASDAQ:FIVE opened at $73.20 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $182.99. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s 50 day moving average price is $86.05 and its two-hundred day moving average price is $92.50.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.65 earnings per share. As a group, analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Guggenheim lowered their price objective on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Truist Financial dropped their price target on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Bank of America decreased their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group lowered their target price on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.16.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.