Northern Trust Corp Sells 2,357 Shares of Five Below, Inc. $FIVE

Key Points

• Northern Trust Corp reduced its position in Five Below by 0.4% in Q1, owning 551,582 shares valued at approximately $41.3 million after selling 2,357 shares.
• Five Below reported strong Q2 earnings with $0.81 EPS, surpassing estimates, and generated $1.03 billion in revenue, up 23.7% year-over-year.
• Multiple analysts raised their price targets for Five Below, with UBS raising it from $160 to $184, while Bank of America set theirs at $110, signaling mixed outlooks among investors.

Northern Trust Corp reduced its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 551,582 shares of the specialty retailer's stock after selling 2,357 shares during the period. Northern Trust Corp owned about 1.00% of Five Below worth $41,327,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC acquired a new stake in Five Below in the 1st quarter valued at about $247,000. PNC Financial Services Group Inc. lifted its stake in Five Below by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock valued at $501,000 after purchasing an additional 155 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Five Below by 100.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,459 shares of the specialty retailer's stock worth $1,083,000 after acquiring an additional 7,258 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Five Below by 122.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 242,509 shares of the specialty retailer's stock worth $18,547,000 after acquiring an additional 133,698 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Five Below by 17.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,544 shares of the specialty retailer's stock worth $266,000 after acquiring an additional 521 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIVE shares. Wall Street Zen upgraded shares of Five Below from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company raised their price objective on shares of Five Below from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. raised 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. Guggenheim raised their price objective on shares of Five Below from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Truist Financial raised their price objective on shares of Five Below from $141.00 to $148.00 and gave the stock a "hold" rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $143.56.

Five Below Stock Performance

Shares of NASDAQ FIVE traded down $4.93 during midday trading on Friday, reaching $145.10. The company's stock had a trading volume of 2,077,799 shares, compared to its average volume of 1,334,454. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $154.30. The business's 50 day moving average price is $135.86 and its two-hundred day moving average price is $105.52. The company has a market cap of $8.00 billion, a P/E ratio of 29.37, a P/E/G ratio of 12.79 and a beta of 1.09.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, beating 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm's quarterly revenue 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. Sell-side analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Activity at Five Below

In related news, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction that occurred 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 of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the transaction, the insider directly owned 44,130 shares in the company, valued at $5,866,200.90. This trade represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock valued at $1,740,209 over the last three months. 1.90% of the stock is owned by insiders.

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.