Jennison Associates LLC Buys 654,763 Shares of Five Below, Inc. $FIVE

Jennison Associates LLC lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 397.5% during the third quarter, Holdings Channel reports. The firm owned 819,502 shares of the specialty retailer’s stock after acquiring an additional 654,763 shares during the period. Jennison Associates LLC’s holdings in Five Below were worth $126,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Five Below by 143.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 645 shares during the period. United Services Automobile Association bought a new stake in Five Below during the 1st quarter worth approximately $268,000. Empowered Funds LLC purchased a new stake in shares of Five Below in the first quarter worth $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock valued at $13,825,000 after purchasing an additional 21,625 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Five Below by 63.8% during the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 1,503 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIVE shares. Zacks Research raised shares of Five Below from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Mizuho upped their price objective on shares of Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Jefferies Financial Group raised their target price on Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. The Goldman Sachs Group upped their price objective on shares of Five Below from $188.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Sanford C. Bernstein raised their price target on Five Below from $179.00 to $195.00 and gave the company a “market perform” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.60.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the transaction, the chief accounting officer owned 45,724 shares of the company’s stock, valued at $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen S. Barclay sold 2,200 shares of Five Below stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $182.03, for a total value of $400,466.00. Following the transaction, the director directly owned 9,214 shares in the company, valued at approximately $1,677,224.42. The trade was a 19.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 50,769 shares of company stock valued at $9,365,308. 1.90% of the stock is currently owned by corporate insiders.

Five Below Trading Down 0.5%

FIVE opened at $190.37 on Friday. The firm’s 50 day simple moving average is $180.62 and its two-hundred day simple moving average is $158.13. The company has a market capitalization of $10.50 billion, a PE ratio of 34.18, a PEG ratio of 1.76 and a beta of 1.13. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $205.22.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.46. Five Below had a net margin of 6.96% and a return on equity of 17.15%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Five Below has set its FY 2025 guidance at 5.710-5.890 EPS and its Q4 2025 guidance at 3.360-3.540 EPS. Equities analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.