Cresset Asset Management LLC Has $12.78 Million Stake in Five Below, Inc. $FIVE

Key Points

• Cresset Asset Management LLC has reduced its stake in Five Below, Inc. by 36.4%, bringing its ownership to approximately 0.31% of the company, valued at $12.8 million.
• Insider selling occurred recently, with George Hill and CAO Eric M. Specter selling 1,500 and 5,500 shares, respectively, reflecting decreases in their ownership.
• Five Below has shown strong performance with a reported 19.5% increase in year-over-year revenue and earnings exceeding estimates for the previous quarter.

Cresset Asset Management LLC trimmed its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 36.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,610 shares of the specialty retailer's stock after selling 97,709 shares during the quarter. Cresset Asset Management LLC owned approximately 0.31% of Five Below worth $12,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Five Below by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer's stock valued at $406,430,000 after acquiring an additional 376,932 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Five Below by 26,340.9% during the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer's stock valued at $111,337,000 after acquiring an additional 1,480,361 shares in the last quarter. Steadfast Capital Management LP acquired a new position in shares of Five Below in the fourth quarter worth $123,601,000. American Century Companies Inc. raised its stake in shares of Five Below by 494.5% during the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer's stock worth $88,042,000 after purchasing an additional 977,411 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Five Below by 14.9% in the first quarter. Stephens Investment Management Group LLC now owns 710,782 shares of the specialty retailer's stock valued at $53,255,000 after acquiring an additional 92,410 shares during the last quarter.

Insiders Place Their Bets

In other Five Below news, insider George Hill sold 1,500 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total value of $210,000.00. Following the sale, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were 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 directly owned 55,854 shares in the company, valued at approximately $7,304,027.58. The trade was a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock worth $1,740,209 over the last 90 days. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

FIVE has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Loop Capital upgraded Five Below from a "hold" rating to a "buy" rating and raised their target price for the company from $130.00 to $165.00 in a report on Tuesday, August 12th. Bank of America increased their price objective on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. Telsey Advisory Group raised their price objective on Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley upped their target price on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Seven investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $123.53.

Five Below Price Performance

Shares of NASDAQ FIVE traded down $2.20 during mid-day trading on Wednesday, hitting $139.28. The company had a trading volume of 1,395,591 shares, compared to its average volume of 1,944,467. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $143.88. The firm has a market cap of $7.67 billion, a P/E ratio of 29.20 and a beta of 1.06. The business's 50-day simple moving average is $132.82 and its 200-day simple moving average is $102.55.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%.The firm had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The company's revenue for the quarter was up 19.5% on a year-over-year basis. Five Below has set its FY 2025 guidance at 4.250-4.720 EPS. Q2 2025 guidance at 0.500-0.620 EPS. As a group, sell-side analysts predict 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.