Deutsche Bank AG Increases Position in Five Below, Inc. (NASDAQ:FIVE)

Deutsche Bank AG lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 130.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 341,490 shares of the specialty retailer's stock after buying an additional 193,170 shares during the period. Deutsche Bank AG owned 0.62% of Five Below worth $25,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after purchasing an additional 123 shares during the period. Treasurer of the State of North Carolina raised its stake in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after purchasing an additional 150 shares during the period. PNC Financial Services Group Inc. raised its stake in Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 155 shares during the period. Sterling Capital Management LLC raised its stake in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after purchasing an additional 158 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Five Below by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock worth $482,000 after acquiring an additional 165 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FIVE shares. The Goldman Sachs Group increased their price objective on shares of Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Loop Capital raised shares of Five Below from a "hold" rating to a "buy" rating and increased their price objective for the stock from $130.00 to $165.00 in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. increased their price objective on shares of Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Citigroup increased their price objective on shares of Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $121.47.

Insider Activity at Five Below

In related news, insider George Hill sold 1,500 shares of Five Below stock in a transaction dated 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 directly owned 42,672 shares in the company, valued at $5,974,080. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider owned 25,890 shares in the company, valued at approximately $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,200 shares of company stock worth $1,740,209 in the last ninety days. 1.90% of the stock is owned by insiders.

Five Below Stock Performance

Five Below stock opened at $138.30 on Thursday. The firm's 50-day moving average is $131.86 and its 200-day moving average is $101.32. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $143.88. The company has a market cap of $7.61 billion, a P/E ratio of 28.99 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Five Below 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.

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