KBC Group NV Increases Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

KBC Group NV boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 30.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,126 shares of the specialty retailer’s stock after buying an additional 496 shares during the quarter. KBC Group NV’s holdings in Five Below were worth $223,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Paladin Wealth LLC bought a new position in shares of Five Below during the third quarter valued at about $26,000. UMB Bank n.a. boosted its stake in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Five Below in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the third quarter valued at approximately $42,000. Finally, Partnership Wealth Management LLC lifted its holdings in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Mizuho raised their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group increased their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup lifted their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Guggenheim raised their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $111.32.

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Five Below Price Performance

Shares of FIVE stock opened at $94.25 on Wednesday. The business has a 50-day moving average of $100.93 and a 200 day moving average of $90.31. The stock has a market capitalization of $5.18 billion, a PE ratio of 19.43, a P/E/G ratio of 1.28 and a beta of 1.13. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $212.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same period in the prior year, the business posted $0.26 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.