Oppenheimer Asset Management Inc. Purchases 4,861 Shares of Five Below, Inc. (NASDAQ:FIVE)

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

Other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Five Below during the first quarter worth about $29,000. Proficio Capital Partners LLC bought a new stake in shares of Five Below during the fourth quarter valued at approximately $31,000. UMB Bank n.a. grew its stake in shares of Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 558 shares during the last quarter.

Insider Buying and Selling

In related news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider now directly owns 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider George Hill sold 4,500 shares of the firm's stock in a transaction 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 now owns 44,130 shares in the company, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Five Below Stock Performance

FIVE opened at $124.28 on Wednesday. The firm's fifty day moving average is $102.29 and its two-hundred day moving average is $93.15. The firm has a market cap of $6.84 billion, a PE ratio of 26.05 and a beta of 1.02. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $137.30.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate 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%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Equities analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Bank of America increased their price target on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. The Goldman Sachs Group increased their price target on shares of Five Below from $107.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Evercore ISI increased their price target on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday. Finally, Truist Financial increased their price target on shares of Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $112.65.

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.

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