Stephens Investment Management Group LLC Raises Holdings in Five Below, Inc. (NASDAQ:FIVE)

Stephens Investment Management Group LLC grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,372 shares of the specialty retailer's stock after acquiring an additional 175,131 shares during the period. Stephens Investment Management Group LLC owned about 1.12% of Five Below worth $64,904,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Lecap Asset Management Ltd. bought a new stake in Five Below in the 4th quarter valued at about $2,234,000. WT Asset Management Ltd purchased a new position in shares of Five Below in the fourth quarter worth approximately $1,155,000. Jennison Associates LLC purchased a new position in shares of Five Below in the fourth quarter worth approximately $17,755,000. Laurus Investment Counsel Inc. boosted its holdings in shares of Five Below by 34.2% during the fourth quarter. Laurus Investment Counsel Inc. now owns 23,900 shares of the specialty retailer's stock worth $2,509,000 after purchasing an additional 6,090 shares during the period. Finally, Country Trust Bank boosted its holdings in shares of Five Below by 7.0% during the fourth quarter. Country Trust Bank now owns 263,505 shares of the specialty retailer's stock worth $27,657,000 after purchasing an additional 17,185 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on shares of Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Truist Financial boosted their price target on shares of Five Below from $88.00 to $118.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Bank of America lowered shares of Five Below from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Five Below presently has a consensus rating of "Hold" and an average price target of $111.32.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the 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 completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Five Below Stock Down 1.2 %

NASDAQ:FIVE traded down $1.10 during mid-day trading on Wednesday, hitting $87.68. 1,050,676 shares of the company traded hands, compared to its average volume of 1,728,981. The stock's fifty day moving average price is $100.14 and its 200-day moving average price is $90.91. Five Below, Inc. has a one year low of $64.87 and a one year high of $212.01. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

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.