Vanguard Group Inc. Sells 39,886 Shares of Five Below, Inc. $FIVE

Vanguard Group Inc. cut its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,336,585 shares of the specialty retailer’s stock after selling 39,886 shares during the quarter. Vanguard Group Inc. owned 0.10% of Five Below worth $1,005,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank grew its stake in shares of Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Five Below during the 4th quarter worth $35,000. Spire Wealth Management bought a new position in shares of Five Below during the 4th quarter worth $38,000. Advisory Services Network LLC bought a new position in shares of Five Below during the 3rd quarter worth $32,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Five Below by 182.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 146 shares during the period.

Five Below Stock Down 2.2%

Shares of NASDAQ FIVE opened at $230.52 on Friday. The firm has a market capitalization of $12.73 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.77 and a beta of 1.07. The stock’s 50-day simple moving average is $226.10 and its two-hundred day simple moving average is $194.39. Five Below, Inc. has a twelve month low of $79.48 and a twelve month high of $251.63.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on FIVE. The Goldman Sachs Group increased their price target on Five Below from $188.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Bank of America increased their price objective on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Telsey Advisory Group increased their price objective on Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a report on Thursday, January 22nd. Finally, Citigroup increased their price objective on Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $240.10.

Insider Transactions at Five Below

In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by corporate insiders.

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.