Public Employees Retirement System of Ohio Acquires Shares of 18,443 Five Below, Inc. $FIVE

Key Points

• Public Employees Retirement System of Ohio acquired 18,443 Five Below shares worth approximately $3.3 million, joining several institutional investors that recently increased or initiated positions in the retailer.
• Five Below reported quarterly EPS of $1.68, beating the $1.40 consensus estimate, while revenue rose 22.9% year over year to $1.26 billion. Management raised fiscal 2026 guidance and authorized a $600 million share-repurchase program.
• Shares opened at $252.20, near their 52-week high, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $300.70. Potential tariff and margin pressures, along with slowing comparable-sales growth, remain risks.

Public Employees Retirement System of Ohio acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,443 shares of the specialty retailer's stock, valued at approximately $3,316,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FIVE. Castleark Management LLC increased its position in shares of Five Below by 27.8% in the fourth quarter. Castleark Management LLC now owns 48,340 shares of the specialty retailer's stock valued at $9,105,000 after acquiring an additional 10,520 shares during the period. Mach 1 Financial Group LLC purchased a new stake in shares of Five Below during the fourth quarter worth about $911,000. California Public Employees Retirement System grew its stake in shares of Five Below by 10.0% in the first quarter. California Public Employees Retirement System now owns 106,692 shares of the specialty retailer's stock worth $24,377,000 after purchasing an additional 9,682 shares during the last quarter. Lisanti Capital Growth LLC grew its stake in shares of Five Below by 48.4% in the fourth quarter. Lisanti Capital Growth LLC now owns 43,844 shares of the specialty retailer's stock worth $8,258,000 after purchasing an additional 14,305 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in Five Below during the 2nd quarter valued at about $964,867,000.

Five Below Price Performance

NASDAQ:FIVE opened at $252.20 on Friday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 22.64, a PEG ratio of 1.17 and a beta of 0.99. Five Below, Inc. has a one year low of $137.77 and a one year high of $263.88. The company's 50-day simple moving average is $218.05 and its 200 day simple moving average is $217.82.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The specialty retailer reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.28. Five Below had a net margin of 11.65% and a return on equity of 22.13%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The business's revenue for the quarter was up 22.9% on a year-over-year basis. Five Below has set its Q3 2026 guidance at 1.010-1.130 EPS and its FY 2026 guidance at 9.830-10.310 EPS. On average, equities research analysts expect that Five Below, Inc. will post 9.54 earnings per share for the current fiscal year.

Five Below News Summary

Here are the key news stories impacting Five Below this week:

• Positive Sentiment: Five Below reported second-quarter earnings of $1.68 per share, well above the $1.34–$1.40 analyst range, while revenue rose 22.9% year over year to approximately $1.26 billion. Results were supported by strong traffic, repeat visits, comparable-sales growth and demand for new, trend-oriented merchandise. Five Below Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised fiscal 2026 guidance to $5.63 billion–$5.71 billion in revenue and $9.83–$10.31 in EPS. Third-quarter EPS guidance of $1.01–$1.13 also exceeds the prior consensus estimate, signaling continued operating momentum. Five Below Q2 Earnings Call Centers on Traffic and Raised Outlook
• Positive Sentiment: The company authorized a $600 million share-repurchase program, which could support per-share earnings and signal confidence in future cash generation. Five Below Unveils $600 Million Share Repurchase Plan
• Positive Sentiment: Analysts raised targets following the earnings beat: Goldman Sachs moved to $306 with a Buy rating, JPMorgan to $368 with an Overweight rating, Truist to $297 with a Buy rating and Morgan Stanley to $300 while maintaining Equal Weight. These revisions reinforce improving expectations for growth and margins.
• Neutral Sentiment: Jim Cramer highlighted that comparable-sales growth is decelerating, although it remains strong. Consensus targets imply further upside, but target-price metrics alone are not reliable predictors of returns.
• Negative Sentiment: Some retail earnings point to a wider split among U.S. consumers. Five Below still faces potential tariff and margin pressures, and slowing comparable-sales growth could temper the rally if traffic or discretionary spending weakens. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on Five Below in a research report on Thursday, August 13th. They set an "outperform" rating for the company. Raymond James Financial raised Five Below to an "outperform" rating in a research note on Tuesday, July 21st. HSBC upgraded Five Below to a "hold" rating in a report on Tuesday, July 21st. Mizuho set a $295.00 price target on Five Below in a research note on Thursday. Finally, Craig Hallum reiterated a "buy" rating and issued a $325.00 price target on shares of Five Below in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $300.70.

Five Below Profile

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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