Handelsbanken Fonder AB Buys 4,000 Shares of Five Below, Inc. (NASDAQ:FIVE)

Handelsbanken Fonder AB increased its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 26.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,209 shares of the specialty retailer's stock after purchasing an additional 4,000 shares during the period. Handelsbanken Fonder AB's holdings in Five Below were worth $1,439,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after acquiring an additional 123 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after buying an additional 150 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after buying an additional 158 shares during the period. Cornerstone Investment Partners LLC increased its stake in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after acquiring an additional 162 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Five Below by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer's stock valued at $270,000 after acquiring an additional 173 shares during the period.

Insider Buying and Selling at Five Below

In related news, insider George Hill sold 4,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider now owns 44,130 shares in the company, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company's stock, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIVE. Morgan Stanley upped their target price on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Truist Financial upped their price objective on shares of Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. The Goldman Sachs Group boosted their target price on Five Below from $107.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup increased their price target on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, DA Davidson cut their price objective on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Five Below currently has a consensus rating of "Hold" and an average price target of $112.40.

Five Below Trading Down 0.4%

Shares of NASDAQ FIVE traded down $0.51 during mid-day trading on Wednesday, hitting $123.33. The company had a trading volume of 575,771 shares, compared to its average volume of 2,066,445. The firm has a 50-day simple moving average of $96.15 and a two-hundred day simple moving average of $92.58. The company has a market capitalization of $6.79 billion, a PE ratio of 25.89 and a beta of 1.02. Five Below, Inc. has a one year low of $52.38 and a one year high of $137.30.

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

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.