Giverny Capital Inc. Decreases Stock Position in Five Below, Inc. $FIVE

Key Points

• Giverny Capital Inc. has reduced its stake in Five Below, Inc. by 15.1%, decreasing its holdings to 621,590 shares after selling 110,520 shares.
• Several large investors have significantly increased their holdings in Five Below, with Federated Hermes Inc. growing its stake by 26,340.9% to approximately 1,485,981 shares.
• Analyst price targets for Five Below vary widely, with Bank of America setting a target of $93.00 while UBS Group has set a target as high as $160.00, indicating a range of investment sentiment on the stock.

Giverny Capital Inc. reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,590 shares of the specialty retailer's stock after selling 110,520 shares during the period. Five Below comprises 1.7% of Giverny Capital Inc.'s portfolio, making the stock its 21st largest position. Giverny Capital Inc. owned 1.13% of Five Below worth $46,573,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in shares of Five Below by 26,340.9% during the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer's stock valued at $111,337,000 after acquiring an additional 1,480,361 shares in the last quarter. Steadfast Capital Management LP acquired a new position in shares of Five Below in the 4th quarter valued at approximately $123,601,000. American Century Companies Inc. boosted its stake in shares of Five Below by 494.5% during the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer's stock valued at $88,042,000 after buying an additional 977,411 shares during the last quarter. Man Group plc grew its position in shares of Five Below by 399.5% during the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after buying an additional 450,215 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five Below in the fourth quarter worth $44,727,000.

Analyst Upgrades and Downgrades

FIVE has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. Evercore ISI lifted their price target on Five Below from $129.00 to $132.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 12th. Truist Financial restated a "hold" rating on shares of Five Below in a research note on Wednesday. Morgan Stanley boosted their price target on Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Finally, UBS Group upped their price target on Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Five Below has a consensus rating of "Hold" and a consensus price target of $121.47.

Five Below Stock Up 0.5%

Shares of Five Below stock opened at $135.03 on Monday. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $143.88. The stock has a market cap of $7.43 billion, a PE ratio of 28.31 and a beta of 1.06. The business has a fifty day simple moving average of $132.14 and a 200-day simple moving average of $101.94.

Five Below (NASDAQ:FIVE - Get Free Report) last released 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. 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 company's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction dated 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 owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

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.

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