Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 122.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,509 shares of the specialty retailer's stock after acquiring an additional 133,698 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.44% of Five Below worth $18,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FIVE. Vanguard Group Inc. grew its position in Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock valued at $529,792,000 after buying an additional 43,537 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Five Below by 3.7% in 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 period. Marshall Wace LLP boosted its holdings in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after acquiring an additional 1,072,642 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in shares of Five Below in the fourth quarter valued at about $123,601,000. Finally, Giverny Capital Inc. increased its stake in shares of Five Below by 0.9% during the fourth 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 period.

Five Below Stock Up 1.1%

Shares of FIVE traded up $1.49 during trading hours on Thursday, reaching $132.88. 673,761 shares of the company traded hands, compared to its average volume of 2,063,037. The stock has a market capitalization of $7.32 billion, a PE ratio of 27.86 and a beta of 1.04. The stock has a fifty day simple moving average of $109.76 and a 200 day simple moving average of $94.20. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $137.30.

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

Insiders Place Their Bets

In other news, insider George Hill sold 4,500 shares of the business's stock in a transaction 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 sale, the insider directly owned 44,130 shares of the company's stock, valued at $5,866,200.90. The trade was a 9.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the transaction, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. This trade 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 valued at $1,530,209 over the last quarter. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on FIVE. Morgan Stanley raised their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. The Goldman Sachs Group raised their price target on Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Guggenheim dropped their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Mizuho increased their price objective on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Bank of America raised their target price on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $113.30.

Five Below 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.