American Century Companies Inc. Has $20.75 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

American Century Companies Inc. grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 869.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 197,664 shares of the specialty retailer’s stock after buying an additional 177,269 shares during the period. American Century Companies Inc. owned approximately 0.36% of Five Below worth $20,747,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Atreides Management LP bought a new stake in shares of Five Below in the 3rd quarter worth approximately $68,649,000. Two Sigma Advisers LP acquired a new position in shares of Five Below in the third quarter valued at $64,981,000. Holocene Advisors LP bought a new position in Five Below in the third quarter worth $38,829,000. Wellington Management Group LLP boosted its stake in Five Below by 1,042.4% during the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after buying an additional 356,776 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares during the period.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on 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 directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FIVE. Citigroup raised their price objective 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. Mizuho decreased their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Loop Capital dropped their target price on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average price target of $102.16.

Five Below Stock Down 7.8 %

Shares of FIVE stock opened at $73.20 on Monday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $182.99. The stock has a 50-day moving average price of $86.05 and a 200 day moving average price of $92.58.

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

About Five Below

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.