Jennison Associates LLC Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Jennison Associates LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 169,164 shares of the specialty retailer’s stock, valued at approximately $17,755,000.

Other institutional investors have also added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Five Below in the 3rd quarter valued at $26,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 204 shares during the period. Brooklyn Investment Group bought a new stake in Five Below during the third quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter worth about $42,000. Finally, Partnership Wealth Management LLC raised its position in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FIVE shares. Telsey Advisory Group restated a “market perform” rating and set a $115.00 target price on shares of Five Below in a research report on Tuesday, January 14th. Truist Financial increased their price target on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 7th. Mizuho increased their target price on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Evercore ISI raised their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.32.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Five Below Stock Up 2.0 %

Shares of NASDAQ:FIVE opened at $96.11 on Thursday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.28 and a beta of 1.13. The business’s 50 day moving average is $101.00 and its 200 day moving average is $90.35. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01.

Five Below (NASDAQ:FIVE) last posted its 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 firm had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share 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.