Jennison Associates LLC Takes $17.76 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Jennison Associates LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 169,164 shares of the specialty retailer's stock, valued at approximately $17,755,000. Jennison Associates LLC owned approximately 0.31% of Five Below at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FIVE. Sanctuary Advisors LLC acquired a new stake in shares of Five Below in the 2nd quarter valued at $1,291,000. SG Americas Securities LLC bought a new position in Five Below during the 3rd quarter valued at about $501,000. Partnership Wealth Management LLC boosted its position in Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock valued at $46,000 after buying an additional 200 shares in the last quarter. Patten Group Inc. grew its stake in Five Below by 81.9% during the third quarter. Patten Group Inc. now owns 5,510 shares of the specialty retailer's stock worth $487,000 after buying an additional 2,481 shares during the last quarter. Finally, Paladin Wealth LLC bought a new stake in Five Below during the third quarter worth about $26,000.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction that occurred 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 approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

Five Below Stock Performance

FIVE traded down $3.87 on Friday, hitting $90.07. 1,714,205 shares of the company were exchanged, compared to its average volume of 1,609,817. The stock's fifty day moving average is $100.96 and its 200-day moving average is $90.56. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The company has a market cap of $4.95 billion, a PE ratio of 18.57, a PEG ratio of 1.26 and a beta of 1.12.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter last year, the firm posted $0.26 EPS. The company's quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Five Below from $100.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Guggenheim boosted their price objective on Five Below from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Evercore ISI raised their target price on Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Bank of America lowered shares of Five Below from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, Craig Hallum boosted their target price on shares of Five Below from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $111.32.

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.