Jain Global LLC Buys 70,026 Shares of Five Below, Inc. $FIVE

Jain Global LLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 114.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 131,021 shares of the specialty retailer’s stock after purchasing an additional 70,026 shares during the quarter. Jain Global LLC owned approximately 0.24% of Five Below worth $20,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVE. Jennison Associates LLC raised its stake in Five Below by 397.5% during the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock worth $126,777,000 after buying an additional 654,763 shares during the last quarter. Estate Counselors LLC acquired a new stake in Five Below during the 3rd quarter worth about $3,755,000. Charles Schwab Investment Management Inc. grew its holdings in Five Below by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer’s stock worth $90,595,000 after acquiring an additional 8,743 shares during the period. Pacer Advisors Inc. bought a new position in shares of Five Below in the 3rd quarter worth about $1,121,000. Finally, AGF Management Ltd. bought a new position in shares of Five Below in the 3rd quarter worth about $7,304,000.

Analyst Upgrades and Downgrades

FIVE has been the topic of several research analyst reports. Wall Street Zen lowered Five Below from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Evercore lifted their target price on Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. UBS Group set a $255.00 price target on Five Below in a research note on Tuesday, January 13th. Mizuho increased their price target on Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Finally, Barclays raised their price objective on shares of Five Below from $193.00 to $211.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.75.

Insider Buying and Selling

In related news, COO Kenneth R. Bull sold 5,100 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total value of $1,036,371.00. Following the transaction, the chief operating officer directly owned 101,040 shares in the company, valued at $20,532,338.40. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric M. Specter sold 8,500 shares of Five Below stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the sale, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. The trade was a 15.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,525 shares of company stock worth $3,135,554 over the last ninety days. 1.90% of the stock is owned by insiders.

Five Below Price Performance

Shares of Five Below stock opened at $210.36 on Monday. The business has a 50-day simple moving average of $205.62 and a 200 day simple moving average of $176.25. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.61 and a beta of 1.10.

Five Below Profile

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.