Capital World Investors decreased its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,203,725 shares of the specialty retailer’s stock after selling 150,203 shares during the quarter. Capital World Investors’ holdings in Five Below were worth $226,734,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of FIVE. Advisory Services Network LLC acquired a new position in shares of Five Below in the third quarter worth about $32,000. V Square Quantitative Management LLC acquired a new position in shares of Five Below in the fourth quarter worth about $35,000. CI Investments Inc. lifted its stake in shares of Five Below by 44.3% in the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 74 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Five Below in the fourth quarter worth about $38,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Five Below in the third quarter worth about $40,000.
Five Below Stock Down 2.1%
Shares of NASDAQ FIVE opened at $186.49 on Tuesday. The stock’s 50 day moving average price is $223.20 and its two-hundred day moving average price is $205.94. Five Below, Inc. has a 52-week low of $121.11 and a 52-week high of $251.63. The stock has a market capitalization of $10.31 billion, a P/E ratio of 23.55, a PEG ratio of 0.95 and a beta of 0.97.
Analysts Set New Price Targets
Several brokerages have issued reports on FIVE. Loop Capital restated a “buy” rating and set a $250.00 price objective on shares of Five Below in a research note on Thursday, June 4th. Truist Financial upped their price objective on Five Below from $261.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley cut their price objective on Five Below from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. UBS Group restated a “buy” rating and set a $285.00 price objective on shares of Five Below in a research note on Thursday. Finally, Guggenheim cut their price objective on Five Below from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.40.
Read Our Latest Report on Five Below
Insider Buying and Selling
In other news, 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 transaction of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. This represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,312,800.00. Following the sale, the director owned 83,674 shares in the company, valued at $19,352,122.72. The trade was a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is currently owned by corporate 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.
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