Stephens Investment Management Group LLC Acquires 92,410 Shares of Five Below, Inc. (NASDAQ:FIVE)

Stephens Investment Management Group LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 710,782 shares of the specialty retailer's stock after buying an additional 92,410 shares during the quarter. Stephens Investment Management Group LLC owned about 1.29% of Five Below worth $53,255,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in Five Below during the first quarter worth approximately $29,000. Proficio Capital Partners LLC bought a new stake in Five Below during the fourth quarter worth approximately $31,000. Bessemer Group Inc. boosted its position in Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the period. UMB Bank n.a. boosted its position in Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Guggenheim cut their price target on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Evercore ISI upped their target price 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, June 24th. JPMorgan Chase & Co. upped their target price on shares of Five Below from $57.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Truist Financial upped their target price 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. Finally, DA Davidson cut their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Five Below currently has a consensus rating of "Hold" and an average price target of $113.30.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,500 shares of the company's 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 transaction, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction dated 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 owned 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 11,700 shares of company stock worth $1,530,209. Insiders own 1.90% of the company's stock.

Five Below Stock Up 2.2%

Five Below stock traded up $2.91 during midday trading on Monday, hitting $132.37. 212,409 shares of the stock were exchanged, compared to its average volume of 2,064,872. The company has a fifty day simple moving average of $117.20 and a two-hundred day simple moving average of $95.15. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $137.30. The stock has a market capitalization of $7.29 billion, a PE ratio of 27.70 and a beta of 1.04.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

About Five Below

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.