Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,068 shares of the specialty retailer's stock after purchasing an additional 4,861 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.12% of Five Below worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Five Below during the fourth quarter valued at about $8,489,000. Schonfeld Strategic Advisors LLC raised its position in Five Below by 7,542.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock valued at $30,160,000 after purchasing an additional 283,591 shares during the period. Prudential Financial Inc. raised its holdings in shares of Five Below by 236.1% in the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after buying an additional 8,035 shares during the period. Wolf Group Capital Advisors purchased a new stake in shares of Five Below in the first quarter worth approximately $1,172,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Five Below in the fourth quarter worth approximately $31,000.

Five Below Stock Performance

FIVE stock traded up $0.69 during midday trading on Friday, reaching $130.61. The stock had a trading volume of 2,179,366 shares, compared to its average volume of 2,074,195. The stock has a market cap of $7.19 billion, a PE ratio of 27.38 and a beta of 1.02. The firm has a fifty day simple moving average of $106.12 and a two-hundred day simple moving average of $93.55. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $137.30.

Five Below (NASDAQ:FIVE - Get Free Report) last released 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 business had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The company's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity

In related news, insider George Hill sold 4,500 shares of Five Below stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider now directly owns 44,130 shares in the company, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below 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 sale, the insider now owns 25,890 shares in the company, 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. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. increased their price objective on Five Below from $57.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Truist Financial increased their price objective on Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Evercore ISI increased their price objective on Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday. Finally, Bank of America increased their price objective on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.30.

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.