Fieldview Capital Management LLC Makes New Investment in Five Below, Inc. $FIVE

Key Points

• Fieldview Capital purchased a new position of 13,857 shares of Five Below (NASDAQ:FIVE) in Q3, valued at about $2.14 million.
• Analysts have a consensus rating of Moderate Buy on FIVE with a mean price target of $204.85, after recent upgrades including Bank of America and Jefferies raising targets.
• Insiders sold 25,225 shares worth roughly $4.9 million over the last quarter while several institutions (notably Jennison Associates) materially increased or initiated positions, and insiders now own 1.90% of the company.

Fieldview Capital Management LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,857 shares of the specialty retailer's stock, valued at approximately $2,144,000.

Several other large investors also recently modified their holdings of FIVE. Jennison Associates LLC boosted its stake in Five Below by 397.5% during the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer's stock worth $126,777,000 after acquiring an additional 654,763 shares in the last quarter. Estate Counselors LLC bought a new stake in Five Below in the third quarter valued at $3,755,000. Charles Schwab Investment Management Inc. increased its stake in Five Below by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer's stock valued at $90,595,000 after purchasing an additional 8,743 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Five Below during the third quarter valued at about $1,121,000. Finally, AGF Management Ltd. acquired a new position in shares of Five Below during the third quarter valued at about $7,304,000.

Analyst Ratings Changes

Several analysts have recently commented on FIVE shares. Bank of America upgraded Five Below from an "underperform" rating to a "buy" rating and set a $233.00 target price for the company in a research note on Wednesday, February 4th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $206.00 price target on shares of Five Below in a research note on Monday, February 9th. Loop Capital reiterated a "buy" rating and issued a $200.00 price target on shares of Five Below in a report on Wednesday, December 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Five Below in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their price objective on Five Below from $185.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.85.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the sale, the chief accounting officer directly owned 45,724 shares of the company's stock, valued at approximately $9,197,382.60. The trade was a 15.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $182.03, for a total value of $400,466.00. Following the completion of the sale, the director directly owned 9,214 shares of the company's stock, valued at approximately $1,677,224.42. This trade represents a 19.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 25,225 shares of company stock valued at $4,901,695. Company insiders own 1.90% of the company's stock.

Five Below Price Performance

FIVE opened at $219.82 on Tuesday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $229.33. The firm has a market capitalization of $12.13 billion, a PE ratio of 39.46, a P/E/G ratio of 1.65 and a beta of 1.10. The company's 50-day moving average is $203.45 and its 200 day moving average is $174.15.

Five Below Profile

Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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