Diversified Trust Co Purchases New Shares in Five Below, Inc. (NASDAQ:FIVE)

Diversified Trust Co purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,665 shares of the specialty retailer's stock, valued at approximately $275,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after buying an additional 43,537 shares during the period. Wasatch Advisors LP boosted its stake in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock worth $254,012,000 after acquiring an additional 86,271 shares during the last quarter. Marshall Wace LLP boosted its stake in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. Steadfast Capital Management LP bought a new position in Five Below during the 4th quarter worth approximately $123,601,000. Finally, Giverny Capital Inc. boosted its stake in Five Below by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after acquiring an additional 6,861 shares during the last quarter.

Insider Buying and Selling at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer owned 55,854 shares in the company, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,700 shares of company stock worth $1,530,209 over the last ninety days. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIVE. Bank of America lifted their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research note on Thursday, June 5th. Evercore ISI lifted their price objective on shares of Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 24th. Truist Financial lifted their price objective on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. Telsey Advisory Group lifted their price objective on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 4th. Finally, UBS Group lifted their price target 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. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of "Hold" and a consensus target price of $113.30.

Five Below Stock Performance

FIVE traded up $1.49 during trading on Friday, reaching $132.88. 673,761 shares of the stock were exchanged, compared to its average volume of 2,072,825. The stock has a market cap of $7.32 billion, a P/E ratio of 27.86 and a beta of 1.04. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $137.30. The stock's 50 day moving average price is $112.04 and its two-hundred day moving average price is $94.50.

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