Sequoia Financial Advisors LLC Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Sequoia Financial Advisors LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,143 shares of the specialty retailer’s stock, valued at approximately $670,000.

A number of other hedge funds have also made changes to their positions in FIVE. BlackRock Inc. increased its stake in Five Below by 1.0% in the 1st quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock valued at $1,005,079,000 after buying an additional 46,515 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Five Below by 2,513.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock worth $801,779,000 after acquiring an additional 3,743,768 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Five Below by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock valued at $482,922,000 after purchasing an additional 259,012 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Five Below by 21.4% during the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after purchasing an additional 471,349 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its stake in Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after purchasing an additional 395,275 shares in the last quarter.

Insider Buying and Selling

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the sale, the director now owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FIVE has been the subject of several research reports. Truist Financial reduced their price target on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Telsey Advisory Group decreased their target price on shares of Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company reduced their price objective on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, March 21st. Finally, Mizuho started coverage on shares of Five Below in a research report on Tuesday, March 19th. They set a “buy” rating and a $225.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and an average price target of $213.11.

Five Below Stock Performance

Shares of FIVE opened at $152.81 on Tuesday. The company has a 50-day simple moving average of $186.94 and a 200-day simple moving average of $186.22. Five Below, Inc. has a 52 week low of $144.57 and a 52 week high of $216.18. The firm has a market capitalization of $8.44 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.26 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $3.07 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. As a group, equities analysts forecast that Five Below, Inc. will post 6.06 earnings per share for the current year.

Five Below 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.