Kaufman Rossin Wealth LLC Acquires New Holdings in Five Below, Inc. $FIVE

Key Points

• Kaufman Rossin Wealth LLC has acquired a new position in Five Below, Inc., purchasing 2,923 shares valued at approximately $219,000 in the first quarter of the year.
• Five Below reported strong quarterly earnings of $0.86 per share, exceeding analysts' expectations, with a revenue of $970.53 million, marking a 19.5% increase year-over-year.
• Several hedge funds, including Summit Trail Advisors LLC and Allspring Global Investments, have significantly increased their stakes in Five Below, indicating growing institutional interest in the retailer.

Kaufman Rossin Wealth LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,923 shares of the specialty retailer's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FIVE. Summit Trail Advisors LLC bought a new position in shares of Five Below in the 1st quarter worth $247,000. Wealth Enhancement Advisory Services LLC boosted its position in Five Below by 100.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,459 shares of the specialty retailer's stock valued at $1,083,000 after purchasing an additional 7,258 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Five Below by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock valued at $501,000 after purchasing an additional 155 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Five Below by 7,542.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after purchasing an additional 283,591 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Five Below by 122.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 242,509 shares of the specialty retailer's stock worth $18,547,000 after purchasing an additional 133,698 shares in the last quarter.

Five Below Trading Up 1.8%

Shares of Five Below stock opened at $141.78 on Friday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $143.88. The firm's 50 day simple moving average is $133.42 and its two-hundred day simple moving average is $103.14. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 29.72 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The firm 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%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. Five Below has set its FY 2025 guidance at 4.250-4.720 EPS. Q2 2025 guidance at 0.500-0.620 EPS. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,500 shares of the 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 transaction, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This 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 accessible through the SEC website. Also, 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 completion of the transaction, the insider owned 25,890 shares of the company's stock, valued at approximately $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,200 shares of company stock worth $1,740,209. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Mizuho increased their target price on shares of Five Below from $115.00 to $132.00 and gave the company a "neutral" rating in a research report on Tuesday. Truist Financial reaffirmed a "hold" rating on shares of Five Below in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price target on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group raised their price objective on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Five Below has an average rating of "Hold" and an average price target of $123.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.