Royal Bank of Canada Lowers Stock Holdings in Five Below, Inc. $FIVE

Key Points

• Royal Bank of Canada reduced its holdings in Five Below, Inc. by 12.6%, owning approximately 0.36% of the company worth $15.05 million after selling 29,039 shares in the 1st quarter.
• Analyst ratings for Five Below are predominantly positive, with several brokerages upgrading their ratings and price targets, suggesting a competitive outlook for the stock.
• Five Below reported earnings of $0.81 per share for the last quarter, exceeding estimates, with revenue growth of 23.7% year-over-year, amounting to $1.03 billion.

Royal Bank of Canada trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 200,883 shares of the specialty retailer's stock after selling 29,039 shares during the period. Royal Bank of Canada owned approximately 0.36% of Five Below worth $15,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in shares of Five Below during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Five Below by 1,097.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock valued at $34,000 after buying an additional 417 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after buying an additional 353 shares in the last quarter. UMB Bank n.a. lifted its stake in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Five Below in the 1st quarter worth $92,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on FIVE. Morgan Stanley upped their target price on shares of Five Below from $135.00 to $160.00 and gave the company an "equal weight" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Five Below from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Loop Capital raised shares of Five Below from a "hold" rating to a "buy" rating and upped their price target for the stock from $130.00 to $165.00 in a research report on Tuesday, August 12th. Telsey Advisory Group raised shares of Five Below from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $144.00 to $170.00 in a research report on Thursday, August 28th. Finally, Guggenheim raised their target price on shares of Five Below from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Five Below has a consensus rating of "Hold" and a consensus target price of $143.56.

Five Below Price Performance

Shares of Five Below stock opened at $146.00 on Thursday. The firm has a fifty day moving average price of $139.04 and a 200 day moving average price of $108.57. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $155.34. The stock has a market cap of $8.05 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (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 firm had revenue of $1.03 billion during 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 firm's 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. As a group, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below 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 completion of the transaction, the insider directly owned 25,890 shares of the company's stock, valued at $3,240,651.30. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,518 shares of company stock worth $1,261,787 over the last three months. Corporate insiders own 1.90% of the company's stock.

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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