Allspring Global Investments Holdings LLC Has $18.55 Million Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Allspring Global Investments Holdings LLC lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 122.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,509 shares of the specialty retailer's stock after purchasing an additional 133,698 shares during the period. Allspring Global Investments Holdings LLC owned about 0.44% of Five Below worth $18,547,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FIVE. Byrne Asset Management LLC acquired a new position in Five Below in the first quarter worth $29,000. Proficio Capital Partners LLC acquired a new stake in Five Below in the fourth quarter worth about $31,000. Bessemer Group Inc. boosted its stake 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 in the last quarter. UMB Bank n.a. boosted its stake in shares of Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 253 shares during the period.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the sale, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the transaction, the insider owned 44,130 shares of the company's stock, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,700 shares of company stock worth $1,530,209 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Five Below Stock Performance

Shares of FIVE traded up $1.49 during mid-day trading on Friday, hitting $132.88. The company's stock had a trading volume of 673,761 shares, compared to its average volume of 2,072,825. Five Below, Inc. has a one year low of $52.38 and a one year high of $137.30. The stock's 50-day moving average is $112.04 and its two-hundred day moving average is $94.50. The firm has a market capitalization of $7.32 billion, a PE ratio of 27.86 and a beta of 1.04.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FIVE. Barclays decreased their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group increased their target price on shares of Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Loop Capital boosted their price target on shares of Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a report on Friday, June 6th. Mizuho upped their price target on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen upgraded Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $113.30.

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.