Five Below, Inc. $FIVE Position Raised by Aquatic Capital Management LLC

Key Points

• Aquatic Capital Management LLC raised its stake in Five Below by 141.4% to 84,884 shares (about $13.13M), while Jennison Associates now owns 819,502 shares (≈$126.78M), indicating notable institutional accumulation.
• Analysts hold a broadly positive view — the consensus rating is a Moderate Buy with an average price target of $205.75 and individual targets up to $255, including recent upgrades from Goldman Sachs and UBS.
• Insiders sold 17,725 shares during the quarter (including CAO Eric M. Specter and COO Kenneth R. Bull), reducing insider ownership to 1.90%, a development investors may want to monitor alongside the institutional inflows.

Aquatic Capital Management LLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 141.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,884 shares of the specialty retailer's stock after purchasing an additional 49,722 shares during the quarter. Aquatic Capital Management LLC owned about 0.15% of Five Below worth $13,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIVE. Jennison Associates LLC lifted its holdings in Five Below by 397.5% in the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer's stock valued at $126,777,000 after acquiring an additional 654,763 shares during the last quarter. Estate Counselors LLC acquired a new position in shares of Five Below in the 3rd quarter worth approximately $3,755,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Five Below by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer's stock worth $90,595,000 after purchasing an additional 8,743 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Five Below during the third quarter worth approximately $1,121,000. Finally, AGF Management Ltd. acquired a new stake in shares of Five Below during the 3rd quarter valued at $7,304,000.

Analysts Set New Price Targets

FIVE has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Five Below from $188.00 to $216.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Five Below in a research report on Thursday, January 22nd. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $206.00 price objective on shares of Five Below in a research note on Monday, February 9th. Truist Financial set a $236.00 target price on Five Below in a report on Wednesday, January 14th. Finally, UBS Group set a $255.00 price target on Five Below in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.75.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the sale, the chief accounting officer directly owned 45,724 shares in the company, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Kenneth R. Bull sold 5,100 shares of the company's stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total value of $1,036,371.00. Following the transaction, the chief operating officer directly owned 101,040 shares of the company's stock, valued at $20,532,338.40. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,725 shares of company stock valued at $3,536,020 in the last quarter. Company insiders own 1.90% of the company's stock.

Five Below Stock Performance

NASDAQ:FIVE opened at $210.36 on Friday. The stock's fifty day moving average price is $205.62 and its two-hundred day moving average price is $176.02. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 1.61 and a beta of 1.10. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $229.33.

Five Below Company 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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