Sequoia Financial Advisors LLC Takes $474,000 Position in Five Below, Inc. $FIVE

Sequoia Financial Advisors LLC acquired 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 acquired 2,519 shares of the specialty retailer’s stock, valued at approximately $474,000.

A number of other hedge funds have also made changes to their positions in the business. Benjamin Edwards Inc. increased its holdings in shares of Five Below by 1.6% in the 4th quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock valued at $705,000 after acquiring an additional 60 shares during the last quarter. CI Investments Inc. boosted its position 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. EverSource Wealth Advisors LLC boosted its position in shares of Five Below by 9.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 830 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 75 shares during the period. Ballentine Partners LLC boosted its position in shares of Five Below by 4.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,858 shares of the specialty retailer’s stock valued at $287,000 after purchasing an additional 80 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Five Below by 17.5% in the 3rd quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer’s stock valued at $97,000 after purchasing an additional 93 shares during the period.

Five Below Stock Performance

Five Below stock opened at $213.64 on Monday. Five Below, Inc. has a twelve month low of $103.95 and a twelve month high of $251.63. The stock has a 50 day moving average of $225.34 and a two-hundred day moving average of $199.01. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 1.60 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $3.48 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. Equities analysts predict that Five Below, Inc. will post 8.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FIVE shares. Wall Street Zen raised Five Below from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft upped their target price on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Mizuho upped their target price on Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. BNP Paribas Exane upped their target price on Five Below from $189.00 to $262.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Finally, Truist Financial upped their target price on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.10.

Insider Buying and Selling

In other Five Below news, Director Ronald Sargent sold 10,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the sale, the director directly owned 83,674 shares of the company’s stock, valued at approximately $19,352,122.72. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares of the company’s stock, valued at $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is currently owned by company insiders.

Five Below Company 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.