Raymond James Financial Services Advisors Inc. Raises Position in Five Below, Inc. (NASDAQ:FIVE)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,648 shares of the specialty retailer’s stock after acquiring an additional 1,435 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Five Below were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC purchased a new position in shares of Five Below during the 4th quarter worth $36,000. Yarbrough Capital LLC increased its stake in Five Below by 30.5% in the 4th quarter. Yarbrough Capital LLC now owns 8,220 shares of the specialty retailer’s stock worth $1,752,000 after buying an additional 1,919 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Five Below by 78.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 12,360 shares of the specialty retailer’s stock worth $2,635,000 after buying an additional 5,450 shares in the last quarter. Whittier Trust Co. increased its stake in Five Below by 72.1% in the 4th quarter. Whittier Trust Co. now owns 23,793 shares of the specialty retailer’s stock worth $5,072,000 after buying an additional 9,967 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in Five Below in the 4th quarter worth $386,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIVE. JPMorgan Chase & Co. cut their price target on Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Oppenheimer lowered Five Below from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $235.00 to $200.00 in a research note on Tuesday, January 30th. Mizuho began coverage on Five Below in a research note on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price target for the company. Wells Fargo & Company cut their price target on 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, Truist Financial cut their price target on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.83.

Insider Transactions at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the transaction, the director now directly owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Five Below Trading Down 2.3 %

Shares of NASDAQ:FIVE opened at $149.30 on Wednesday. Five Below, Inc. has a 12 month low of $144.57 and a 12 month high of $216.18. The company has a 50-day moving average price of $186.30 and a 200 day moving average price of $186.14. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.26 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business posted $3.07 EPS. The firm’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 EPS 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.