Allspring Global Investments Holdings LLC Grows Stock Position in Five Below, Inc. $FIVE

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Five Below, Inc. by 10.8% in Q2, owning approximately 268,647 shares valued at $35.77 million.
• Five Below reported a quarterly EPS of $0.81, surpassing estimates of $0.61, with revenues of $1.03 billion marking a 23.7% year-over-year increase.
• Analysts have mixed ratings on Five Below stock, with nine maintaining a "Buy" rating and a target price averaging $150.21, while Barclays set a more conservative price objective of $135.00.

Allspring Global Investments Holdings LLC lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,647 shares of the specialty retailer's stock after purchasing an additional 26,138 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.49% of Five Below worth $35,773,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 417 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Five Below by 68.4% during the second quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer's stock worth $70,000 after purchasing an additional 216 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Five Below by 143.0% during the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer's stock worth $82,000 after purchasing an additional 645 shares during the last quarter.

Five Below Stock Performance

Five Below stock opened at $152.58 on Thursday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.19 and a beta of 1.18. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $157.54. The stock's fifty day moving average is $146.97 and its two-hundred day moving average is $120.90.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.20. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $988.91 million. During the same quarter last year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. As a group, sell-side analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays set a $135.00 price objective on Five Below in a research report on Thursday, August 28th. Evercore ISI increased their price objective on Five Below from $150.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Five Below from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Craig Hallum increased their price objective on Five Below from $164.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Five Below in a research report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and an average target price of $150.21.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.41, for a total transaction of $119,763.38. Following the sale, the executive vice president directly owned 9,858 shares of the company's stock, valued at $1,443,309.78. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

About Five Below

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.

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