Allspring Global Investments Holdings LLC Purchases 534 Shares of Five Below, Inc. (NASDAQ:FIVE)

Allspring Global Investments Holdings LLC increased its position in Five Below, Inc. (NASDAQ:FIVE) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,811 shares of the specialty retailer’s stock after acquiring an additional 534 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.20% of Five Below worth $10,781,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in Five Below by 69.2% during the third quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock valued at $805,000 after buying an additional 3,724 shares during the period. Signaturefd LLC boosted its stake in Five Below by 8.0% during the third quarter. Signaturefd LLC now owns 13,103 shares of the specialty retailer’s stock valued at $1,158,000 after buying an additional 970 shares during the period. Private Advisor Group LLC boosted its position in shares of Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 395 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after acquiring an additional 15,734 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Five Below by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock valued at $569,000 after acquiring an additional 430 shares during the last quarter.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Barclays boosted their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Guggenheim boosted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their price objective on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus target price of $111.32.

Five Below Trading Down 1.6 %

FIVE opened at $88.72 on Tuesday. The stock has a fifty day simple moving average of $98.68 and a two-hundred day simple moving average of $91.42. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $0.26 EPS. Five Below’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below Company 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.