NFJ Investment Group LLC Acquires Shares of 53,801 Five Below, Inc. (NASDAQ:FIVE)

NFJ Investment Group LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 53,801 shares of the specialty retailer’s stock, valued at approximately $5,647,000. NFJ Investment Group LLC owned about 0.10% of Five Below as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in FIVE. Raymond James Financial Inc. bought a new position in shares of Five Below during the fourth quarter valued at $8,489,000. Retirement Systems of Alabama lifted its holdings in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock valued at $13,371,000 after buying an additional 48,524 shares during the period. Gateway Investment Advisers LLC boosted its position in Five Below by 691.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer’s stock worth $2,655,000 after purchasing an additional 22,102 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Five Below by 236.1% in the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock worth $1,201,000 after purchasing an additional 8,035 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Five Below by 30.4% in the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer’s stock worth $223,000 after buying an additional 496 shares during the last quarter.

Five Below Stock Performance

NASDAQ FIVE opened at $62.72 on Thursday. The company’s 50-day simple moving average is $76.98 and its two-hundred day simple moving average is $89.32. Five Below, Inc. has a one year low of $52.38 and a one year high of $154.47. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on FIVE shares. The Goldman Sachs Group cut their price target on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. Mizuho reduced their target price on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Evercore ISI lowered their price target on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Barclays decreased their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, Truist Financial decreased their price target on shares of Five Below from $86.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.30.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate 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.