Canada Pension Plan Investment Board Raises Holdings in Five Below, Inc. (NASDAQ:FIVE)

Canada Pension Plan Investment Board grew its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 226.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,100 shares of the specialty retailer's stock after purchasing an additional 96,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.25% of Five Below worth $14,600,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FIVE. Marshall Wace LLP grew its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Norges Bank bought a new stake in shares of Five Below in the 4th quarter valued at $66,933,000. Alliancebernstein L.P. lifted its position in shares of Five Below by 487.0% during the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock valued at $59,480,000 after acquiring an additional 470,150 shares during the period. American Century Companies Inc. grew its holdings in Five Below by 869.2% in the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer's stock worth $20,747,000 after purchasing an additional 177,269 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Five Below by 39.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer's stock valued at $64,904,000 after purchasing an additional 175,131 shares during the period.

Five Below Trading Up 2.6 %

Shares of FIVE stock traded up $1.92 on Thursday, hitting $76.07. 1,876,128 shares of the stock were exchanged, compared to its average volume of 1,977,474. The firm's 50 day moving average is $75.05 and its two-hundred day moving average is $88.61. Five Below, Inc. has a one year low of $52.38 and a one year high of $151.95. The firm has a market capitalization of $4.19 billion, a PE ratio of 15.68, a P/E/G ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $3.65 earnings per share. On average, sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FIVE shares. Bank of America decreased their target price on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. Evercore ISI cut their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley restated an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. Finally, Truist Financial dropped their price objective on shares of Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $94.30.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company's stock.

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.