Fifth Third Wealth Advisors LLC Takes $221,000 Position in Five Below, Inc. $FIVE

Key Points

• Fifth Third Wealth Advisors LLC acquired a new position in Five Below, Inc. valued at approximately $221,000 by purchasing 1,681 shares in the 2nd quarter.
• Numerous hedge funds have significantly increased their holdings in Five Below, with IFP Advisors Inc raising its position by 653.8% and Caitong International Asset Management Co. Ltd increasing by 1,097.4%.
• Analysts have set varying price targets for Five Below shares, with JPMorgan Chase raising their target from $105.00 to $154.00 and Loop Capital moving from a "hold" to a "buy" rating with a target increase to $165.00.

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,681 shares of the specialty retailer's stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock valued at $34,000 after buying an additional 417 shares during the last quarter. Bessemer Group Inc. increased its holdings in Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after buying an additional 353 shares during the last quarter. Parallel Advisors LLC increased its holdings in Five Below by 68.4% during the second quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer's stock valued at $70,000 after buying an additional 216 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Five Below by 143.0% during the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer's stock valued at $82,000 after buying an additional 645 shares during the last quarter.

Analysts Set New Price Targets

FIVE has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Loop Capital raised shares of Five Below from a "hold" rating to a "buy" rating and upped their target price for the company from $130.00 to $165.00 in a report on Tuesday, August 12th. Morgan Stanley upped their target price on shares of Five Below from $135.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Five Below in a report on Wednesday, October 8th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $170.00 price objective on shares of Five Below in a research note on Thursday, October 2nd. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $150.21.

Insiders Place Their Bets

In related news, EVP Ronald James Masciantonio sold 818 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $146.41, for a total transaction of $119,763.38. Following the completion of the transaction, the executive vice president owned 9,858 shares in the company, valued at approximately $1,443,309.78. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Hill sold 1,500 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the transaction, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $150.00 on Wednesday. The firm has a fifty day moving average price of $146.63 and a 200-day moving average price of $120.68. The stock has a market cap of $8.27 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.18. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $157.54.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.20. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $988.91 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. Five Below's revenue for the quarter was up 23.7% on a year-over-year basis. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. On average, research 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.

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