Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 45.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,119 shares of the specialty retailer's stock after acquiring an additional 9,770 shares during the quarter. Cerity Partners LLC owned 0.06% of Five Below worth $2,332,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC lifted its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after buying an additional 253 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after buying an additional 353 shares in the last quarter. UMB Bank n.a. lifted its holdings in 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 buying an additional 206 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Five Below during the 4th quarter worth approximately $99,000.

Insiders Place Their Bets

In other Five Below news, insider George Hill sold 4,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the transaction, the insider directly owned 44,130 shares of the company's stock, valued at approximately $5,866,200.90. This trade represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the sale, the chief accounting officer owned 55,854 shares of the company's stock, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,200 shares of company stock valued at $1,740,209. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FIVE shares. Truist Financial increased their target price on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Evercore ISI increased their target price on shares of Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. DA Davidson reduced their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Mizuho increased their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, UBS Group increased their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $119.00.

Five Below Trading Down 0.2%

Shares of NASDAQ FIVE traded down $0.33 during mid-day trading on Wednesday, reaching $139.37. The company had a trading volume of 877,194 shares, compared to its average volume of 1,971,646. The firm has a 50 day simple moving average of $123.99 and a two-hundred day simple moving average of $96.87. The stock has a market cap of $7.67 billion, a P/E ratio of 29.22 and a beta of 1.04. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $142.13.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same period last year, the firm posted $0.60 EPS. Five Below's revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts expect that Five Below, Inc. will post 4.93 EPS 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.