Raymond James Financial Inc. Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Raymond James Financial Inc. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,877 shares of the specialty retailer’s stock, valued at approximately $8,489,000. Raymond James Financial Inc. owned about 0.15% of Five Below as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Five Below in the third quarter valued at approximately $30,000. Proficio Capital Partners LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $31,000. UMB Bank n.a. raised its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Five Below in the third quarter valued at approximately $42,000. Finally, R Squared Ltd acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $68,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FIVE shares. Citigroup raised their target price on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Truist Financial decreased their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday. Guggenheim decreased their target price on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. UBS Group decreased their target price on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Three equities research 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, the stock currently has an average rating of “Hold” and a consensus target price of $102.16.

Insider Activity

In other 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 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. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Five Below Stock Performance

Shares of Five Below stock opened at $76.24 on Friday. The firm has a 50-day moving average of $87.76 and a 200-day moving average of $92.63. The stock has a market cap of $4.19 billion, a PE ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $185.48.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.65 earnings per share. Equities research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal 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.