Corient Private Wealth LLC Acquires New Shares in Five Below, Inc. (NASDAQ:FIVE)

Corient Private Wealth LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,442 shares of the specialty retailer’s stock, valued at approximately $256,000.

Several other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new position in Five Below during the 4th quarter worth approximately $31,000. UMB Bank n.a. grew its holdings 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 valued at $35,000 after buying an additional 204 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the 3rd quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 558 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Five Below during the 4th quarter worth $68,000.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of research analyst reports. Mizuho decreased their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Truist Financial cut their price target on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Telsey Advisory Group reduced their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.16.

Five Below Stock Up 2.4 %

Shares of Five Below stock opened at $74.93 on Tuesday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $182.99. The business’s 50 day moving average is $85.73 and its 200-day moving average is $92.45. The stock has a market cap of $4.12 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $3.65 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.