Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC raised its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 27.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,180 shares of the specialty retailer's stock after acquiring an additional 47,016 shares during the period. Jennison Associates LLC owned approximately 0.39% of Five Below worth $16,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new stake in shares of Five Below in the 1st quarter valued at about $29,000. Coppell Advisory Solutions LLC raised 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 purchasing an additional 253 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 353 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 206 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Five Below during the fourth quarter valued at $99,000.

Insider Activity

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider owned 25,890 shares of the company's stock, valued at $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider George Hill sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the sale, the insider owned 44,130 shares of the company's stock, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock valued at $1,740,209 over the last 90 days. Insiders own 1.90% of the company's stock.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $0.05 during trading hours on Monday, reaching $139.92. The stock had a trading volume of 1,281,004 shares, compared to its average volume of 1,978,341. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $141.77. The firm's 50 day moving average is $122.50 and its 200-day moving average is $96.27. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 29.33 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a research note on Monday. Evercore ISI boosted their price objective on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, June 24th. Wells Fargo & Company boosted their price target on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. DA Davidson decreased their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup raised their target price on shares of Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Five Below has an average rating of "Hold" and a consensus price target of $119.00.

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.