WINTON GROUP Ltd Sells 39,121 Shares of Five Below, Inc. $FIVE

WINTON GROUP Ltd trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 24.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 119,035 shares of the specialty retailer’s stock after selling 39,121 shares during the period. Five Below makes up about 0.7% of WINTON GROUP Ltd’s investment portfolio, making the stock its 14th biggest position. WINTON GROUP Ltd owned 0.22% of Five Below worth $18,415,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FIVE. Eastern Bank raised its position in Five Below by 705.0% in the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Five Below in the 2nd quarter valued at approximately $26,000. CI Investments Inc. grew its stake in shares of Five Below by 44.3% in the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 74 shares during the period. Mather Group LLC. acquired a new position in shares of Five Below in the 3rd quarter worth approximately $40,000. Finally, Caitlin John LLC acquired a new position in shares of Five Below in the 3rd quarter worth approximately $46,000.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $215.28 on Monday. The business has a fifty day moving average of $202.84 and a 200-day moving average of $173.60. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $229.33. The firm has a market cap of $11.87 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 8,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 45,724 shares in the company, valued at approximately $9,197,382.60. This represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $182.03, for a total transaction of $400,466.00. Following the sale, the director directly owned 9,214 shares in the company, valued at $1,677,224.42. This trade represents a 19.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 25,225 shares of company stock valued at $4,901,695. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FIVE shares. Truist Financial set a $236.00 price target on Five Below in a research note on Wednesday, January 14th. Loop Capital reiterated a “buy” rating and set a $200.00 price objective on shares of Five Below in a research note on Wednesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Five Below from $246.00 to $259.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of Five Below from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Citigroup lifted their price target on shares of Five Below from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

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.