Wellington Management Group LLP Raises Position in Five Below, Inc. (NASDAQ:FIVE)

Wellington Management Group LLP boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1,042.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,004 shares of the specialty retailer's stock after buying an additional 356,776 shares during the period. Wellington Management Group LLP owned approximately 0.71% of Five Below worth $34,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new position in Five Below during the third quarter valued at $26,000. Brooklyn Investment Group acquired a new position in Five Below during the third quarter valued at $30,000. Hobbs Group Advisors LLC acquired a new position in Five Below in the 2nd quarter worth about $44,000. Ashton Thomas Private Wealth LLC acquired a new position in Five Below in the 2nd quarter worth about $50,000. Finally, Partnership Wealth Management LLC boosted its stake in shares of Five Below by 63.5% during 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.

Analyst Ratings Changes

FIVE has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Citigroup raised their price target on Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. UBS Group dropped their price target on Five Below from $120.00 to $108.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Barclays raised their price target on Five Below from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, Truist Financial increased their price objective on Five Below from $88.00 to $118.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below currently has an average rating of "Hold" and an average target price of $116.15.

Five Below Stock Down 1.8 %

Shares of NASDAQ:FIVE traded down $1.89 during trading on Friday, hitting $101.90. 634,008 shares of the company were exchanged, compared to its average volume of 1,519,257. The business's 50 day moving average is $93.35 and its 200-day moving average is $93.99. The company has a market capitalization of $5.61 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, sell-side analysts anticipate that Five Below, Inc. will post 4.94 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.