Oppenheimer Asset Management Inc. Sells 4,691 Shares of Five Below, Inc. $FIVE

Key Points

• Oppenheimer Asset Management trimmed its stake in Five Below (NASDAQ: FIVE) by 7.7%, selling 4,691 shares and holding 56,122 shares worth about $10.57 million at the end of the quarter.
• Insiders sold meaningful positions in March: COO Kenneth R. Bull and director Ronald Sargent each sold 10,000 shares at roughly $234 and $231 respectively, cutting their stakes by about 9.8% and 10.7%; insiders now own ~1.90% of the company.
• Earnings and analyst momentum: Five Below beat Q results (EPS $4.31 vs $4.00; revenue $1.73B, +24.3% YoY), and multiple firms boosted price targets toward the ~$260 area, leaving a consensus target of $240.10 and an average "Moderate Buy" rating.

Oppenheimer Asset Management Inc. reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,122 shares of the specialty retailer's stock after selling 4,691 shares during the period. Oppenheimer Asset Management Inc. owned 0.10% of Five Below worth $10,571,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FIVE. Jennison Associates LLC boosted its position in Five Below by 397.5% during the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer's stock valued at $126,777,000 after acquiring an additional 654,763 shares in the last quarter. Estate Counselors LLC bought a new stake in shares of Five Below in the 3rd quarter worth approximately $3,755,000. SPX Gestao de Recursos Ltda bought a new position in Five Below in the 3rd quarter valued at approximately $866,000. Pacer Advisors Inc. bought a new position in Five Below in the 3rd quarter valued at approximately $1,121,000. Finally, AGF Management Ltd. bought a new position in Five Below in the 3rd quarter valued at approximately $7,304,000.

Insiders Place Their Bets

In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer owned 92,531 shares of the company's stock, valued at $21,665,208.34. This represents a 9.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Sargent sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the transaction, the director directly owned 83,674 shares of the company's stock, valued at $19,352,122.72. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Five Below from $220.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $206.00 price objective on shares of Five Below in a research report on Monday, February 9th. BNP Paribas Exane upped their price objective on Five Below from $189.00 to $262.00 and gave the company an "outperform" rating in a research report on Thursday, March 19th. Guggenheim upped their price objective on Five Below from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Finally, Truist Financial upped their price objective on Five Below from $236.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $240.10.

Five Below Stock Performance

Shares of FIVE stock opened at $230.52 on Friday. Five Below, Inc. has a 52-week low of $79.48 and a 52-week high of $251.63. The firm has a market capitalization of $12.73 billion, a PE ratio of 35.68, a PEG ratio of 1.77 and a beta of 1.07. The stock has a fifty day simple moving average of $226.10 and a two-hundred day simple moving average of $194.39.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business posted $3.48 EPS. Five Below's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, sell-side analysts forecast that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

About Five Below

Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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