Raymond James Financial Inc. Has $8.63 Million Position in Five Below, Inc. $FIVE

Key Points

• Raymond James Financial Inc. increased its stake in Five Below, Inc. by 42.4% in Q1, owning 115,200 shares worth approximately $8.63 million.
• Several other institutional investors, including Byrne Asset Management and Bessemer Group Inc., have also adjusted their positions in Five Below recently, indicating increased interest in the stock.
• Five Below reported strong earnings with a quarterly EPS of $0.81, surpassing analysts' expectations, and set FY 2025 guidance between $4.76 and $5.16 EPS.

Raymond James Financial Inc. boosted its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 42.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,200 shares of the specialty retailer's stock after buying an additional 34,323 shares during the quarter. Raymond James Financial Inc. owned approximately 0.21% of Five Below worth $8,631,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIVE. The Manufacturers Life Insurance Company grew its holdings in shares of Five Below by 1.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 44,334 shares of the specialty retailer's stock worth $4,653,000 after purchasing an additional 698 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Five Below by 23.4% during the fourth quarter. Northern Trust Corp now owns 553,939 shares of the specialty retailer's stock worth $58,141,000 after buying an additional 104,883 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Five Below during the fourth quarter worth about $15,160,000. Comerica Bank grew its holdings in shares of Five Below by 49.6% during the fourth quarter. Comerica Bank now owns 32,882 shares of the specialty retailer's stock worth $3,451,000 after buying an additional 10,896 shares during the last quarter. Finally, Algert Global LLC grew its holdings in shares of Five Below by 8.4% during the fourth quarter. Algert Global LLC now owns 28,010 shares of the specialty retailer's stock worth $2,940,000 after buying an additional 2,180 shares during the last quarter.

Five Below Trading Up 0.8%

FIVE stock traded up $1.21 during trading on Wednesday, reaching $150.98. The stock had a trading volume of 1,067,556 shares, compared to its average volume of 1,285,643. The company has a market capitalization of $8.33 billion, a P/E ratio of 30.56, a PEG ratio of 12.79 and a beta of 1.09. The firm has a fifty day moving average price of $137.24 and a 200 day moving average price of $106.52. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $154.30.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.61 by $0.20. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $988.91 million. During the same quarter last year, the company posted $0.54 earnings per share. The company's quarterly revenue was up 23.7% compared to the same quarter last year. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. Sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Activity at Five Below

In other Five Below news, insider George Hill sold 4,500 shares of Five Below stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider owned 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares in the company, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,018 shares of company stock worth $1,859,972 over the last ninety days. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FIVE shares. Barclays set a $135.00 price objective on shares of Five Below in a research report on Thursday, August 28th. Citigroup raised their price objective on Five Below from $142.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Evercore ISI lifted their price objective on Five Below from $132.00 to $134.00 and gave the stock an "in-line" rating in a report on Tuesday, August 26th. Truist Financial lifted their price objective on Five Below from $141.00 to $148.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company lifted their price objective on Five Below from $140.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $143.56.

Five Below 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.