Northwestern Mutual Wealth Management Co. Increases Stake in Five Below, Inc. $FIVE

Northwestern Mutual Wealth Management Co. raised its stake in Five Below, Inc. (NASDAQ:FIVE) by 40,774,210.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,453,062 shares of the specialty retailer’s stock after acquiring an additional 55,452,926 shares during the quarter. Five Below comprises approximately 5.1% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 3rd biggest holding. Northwestern Mutual Wealth Management Co. owned approximately 1.01% of Five Below worth $10,445,139,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FIVE shares. Bank of America lifted their price target on shares of Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Weiss Ratings restated a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. Barclays boosted their target price on shares of Five Below from $193.00 to $211.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Finally, Truist Financial boosted their price target on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $240.10.

Insiders Place Their Bets

In related news, Director Ronald Sargent sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 83,674 shares of the company’s stock, valued at $19,352,122.72. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kenneth R. Bull sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.96% of the company’s stock.

Five Below Stock Performance

NASDAQ FIVE opened at $213.64 on Friday. Five Below, Inc. has a fifty-two week low of $103.95 and a fifty-two week high of $251.63. The firm’s fifty day moving average price is $225.34 and its two-hundred day moving average price is $198.73. The stock has a market cap of $11.81 billion, a PE ratio of 33.07, a PEG ratio of 1.61 and a beta of 1.00.

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

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.