Canada Pension Plan Investment Board Raises Position in Five Below, Inc. $FIVE

Key Points

• The Canada Pension Plan Investment Board increased its stake in Five Below, Inc. by 90.8%, owning approximately 0.48% of the company, worth around $19.89 million.
• Insider trades show significant share sales, with two executives selling a total of 6,200 shares in June, indicating a decrease in their ownership positions.
• Analysts have set a consensus price target of $143.56 for Five Below, with recent ratings reflecting optimism about the company's growth prospects.

Canada Pension Plan Investment Board lifted its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 90.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,400 shares of the specialty retailer's stock after purchasing an additional 126,300 shares during the quarter. Canada Pension Plan Investment Board owned about 0.48% of Five Below worth $19,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in Five Below in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after acquiring an additional 417 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Five Below by 246.9% in the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 353 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Five Below during the 4th quarter valued at about $99,000.

Insider Activity

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider owned 25,890 shares of the company's stock, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the transaction, the insider owned 44,130 shares in the company, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,200 shares of company stock worth $1,740,209. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FIVE. Barclays set a $135.00 target price on Five Below in a research report on Thursday. Evercore ISI boosted their price objective on Five Below from $132.00 to $134.00 and gave the company an "in-line" rating in a report on Tuesday, August 26th. Morgan Stanley increased their target price on Five Below from $135.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Guggenheim boosted their target price on shares of Five Below from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Friday. Finally, Craig Hallum raised their price target on shares of Five Below from $164.00 to $180.00 and gave the stock a "buy" rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Five Below has a consensus rating of "Hold" and a consensus price target of $143.56.

Five Below Trading Down 3.3%

FIVE opened at $145.10 on Tuesday. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 12.79 and a beta of 1.09. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $154.30. The business's fifty day simple moving average is $136.27 and its 200-day simple moving average is $105.91.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.20. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. During the same period in the previous year, the company posted $0.54 earnings per share. The firm's quarterly revenue was up 23.7% on a year-over-year basis. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. On average, equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

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.

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.