Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 100.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,459 shares of the specialty retailer's stock after buying an additional 7,258 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Five Below were worth $1,083,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FIVE. Proficio Capital Partners LLC purchased a new stake in shares of Five Below during the fourth quarter worth approximately $31,000. UMB Bank n.a. boosted its stake in 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 purchasing an additional 206 shares during the last quarter. Coppell Advisory Solutions LLC grew 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 worth $45,000 after buying an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after buying an additional 558 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Five Below in the fourth quarter worth about $99,000.

Five Below Stock Down 1.3%

FIVE traded down $1.78 on Wednesday, reaching $131.38. The company had a trading volume of 1,562,097 shares, compared to its average volume of 2,174,436. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $137.30. The stock has a market capitalization of $7.23 billion, a PE ratio of 27.54 and a beta of 1.04. The stock has a 50-day moving average price of $108.61 and a 200-day moving average price of $93.94.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $966.29 million. During the same period last year, the firm posted $0.60 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider owned 25,890 shares in the company, valued at $3,240,651.30. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,700 shares of company stock worth $1,530,209. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group upped their price target on Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Truist Financial lifted their target price on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. increased their price objective on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company raised their target price on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $113.30.

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.