LPL Financial LLC Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• LPL Financial LLC increased its position in Five Below, Inc. by 7.5% during the first quarter, now owning over 71,000 shares worth approximately $5.3 million.
• Several large investors have also modified their positions in Five Below, with Bessemer Group Inc. increasing theirs by 246.9% and holding shares now valued at $37,000.
• Equity analysts have set new price targets for Five Below, with Goldman Sachs raising its target from $122 to $135 and UBS increasing its target significantly from $110 to $160.

LPL Financial LLC boosted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,226 shares of the specialty retailer's stock after buying an additional 5,000 shares during the period. LPL Financial LLC owned approximately 0.13% of Five Below worth $5,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Summit Trail Advisors LLC acquired a new position in Five Below during the first quarter worth $247,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Five Below by 100.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,459 shares of the specialty retailer's stock worth $1,083,000 after acquiring an additional 7,258 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in shares of Five Below by 7,542.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after acquiring an additional 283,591 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Five Below by 122.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 242,509 shares of the specialty retailer's stock worth $18,547,000 after acquiring an additional 133,698 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Five Below by 17.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,544 shares of the specialty retailer's stock worth $266,000 after acquiring an additional 521 shares during the period.

Insider Activity at Five Below

In other news, insider George Hill sold 4,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the sale, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the 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 sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last three months. 1.90% of the stock is owned by corporate insiders.

Five Below Stock Down 2.8%

FIVE traded down $3.94 on Thursday, reaching $134.36. The company's stock had a trading volume of 1,005,979 shares, compared to its average volume of 1,082,681. The stock has a 50 day moving average of $131.99 and a two-hundred day moving average of $101.58. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 28.17 and a beta of 1.06. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $143.88.

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

Analyst Ratings Changes

FIVE has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Citigroup lifted their price target on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Mizuho boosted their price target 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. Finally, Telsey Advisory Group boosted their price target on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $121.47.

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.