Five Below, Inc. (NASDAQ:FIVE) Shares Bought by ING Groep NV

Key Points

• ING Groep NV has increased its holdings in Five Below, Inc. by 123.2% in the first quarter, acquiring a total of 258,500 shares valued at approximately $19.37 million.
• The company reported a quarterly earnings per share (EPS) of $0.86, surpassing analysts' expectations of $0.83 and achieving a revenue of $970.53 million for the quarter.
• Analysts have raised target prices for Five Below, with JPMorgan Chase increasing its target from $105 to $154, while UBS Group set a new target of $160, reflecting a generally optimistic outlook for the stock.

ING Groep NV increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 123.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,500 shares of the specialty retailer's stock after buying an additional 142,700 shares during the period. ING Groep NV owned about 0.47% of Five Below worth $19,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Byrne Asset Management LLC purchased a new position in Five Below in the 1st quarter valued at about $29,000. Coppell Advisory Solutions LLC boosted its stake in shares of Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 253 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares in the last quarter. UMB Bank n.a. raised its stake in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Five Below in the 4th quarter valued at $99,000.

Five Below Price Performance

Shares of NASDAQ FIVE traded down $0.28 during midday trading on Wednesday, hitting $135.53. The company's stock had a trading volume of 737,907 shares, compared to its average volume of 1,133,313. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 28.41 and a beta of 1.06. The business's fifty day simple moving average is $129.81 and its two-hundred day simple moving average is $99.64. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $143.88.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on FIVE shares. JPMorgan Chase & Co. increased their target price on shares of Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Mizuho raised their target price 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. DA Davidson dropped their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Evercore ISI increased their price target on Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. Finally, Bank of America lifted their price target on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $119.00.

Insider Activity at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction 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 sale, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George Hill sold 1,500 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the completion of the transaction, the insider directly owned 42,672 shares in the company, valued at $5,974,080. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,200 shares of company stock valued at $1,740,209 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

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.