Vanguard Group Inc. Sells 39,886 Shares of Five Below, Inc. $FIVE

Key Points

• Vanguard Group trimmed its stake in Five Below by 0.7%, selling 39,886 shares and now owning 5,336,585 shares — a 9.67% stake valued at about $1.005 billion.
• Five Below beat quarterly expectations with $4.31 EPS (vs. $4.00 est.) and $1.73 billion revenue (up 24.3% YoY), leading several analysts to raise price targets and a consensus rating of "Moderate Buy" with a $240.10 target.
• Insider selling occurred in March, with Director Ronald Sargent and COO Kenneth R. Bull each selling 10,000 shares; company insiders now own 1.90% of the stock.

Vanguard Group Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,336,585 shares of the specialty retailer's stock after selling 39,886 shares during the quarter. Vanguard Group Inc. owned 9.67% of Five Below worth $1,005,199,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FIVE. NewEdge Advisors LLC grew its holdings in Five Below by 143.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer's stock worth $82,000 after acquiring an additional 645 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Five Below in the 1st quarter worth approximately $268,000. Empowered Funds LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Five Below by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer's stock worth $13,825,000 after purchasing an additional 21,625 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 1,503 shares during the period.

Insider Buying and Selling at Five Below

In related news, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares of the company's stock, valued at approximately $19,352,122.72. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction on 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 sale, the chief operating officer directly owned 92,531 shares of the company's stock, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.90% of the company's stock.

Five Below Stock Down 2.2%

NASDAQ:FIVE opened at $230.52 on Friday. The company has a fifty day moving average of $226.10 and a 200-day moving average of $194.39. The firm has a market capitalization of $12.73 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.77 and a beta of 1.07. Five Below, Inc. has a twelve month low of $79.48 and a twelve month high of $251.63.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous 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, analysts anticipate that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Ratings Changes

FIVE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $259.00 to $296.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Wells Fargo & Company boosted their price target on shares of Five Below from $220.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Sanford C. Bernstein restated a "market perform" rating and issued a $206.00 price target on shares of Five Below in a research report on Monday, February 9th. William Blair upgraded shares of Five Below from a "market perform" rating to an "outperform" rating in a research report on Thursday, March 19th. Finally, Wall Street Zen downgraded shares of Five Below from a "buy" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of "Moderate Buy" and a consensus price target of $240.10.

Five Below Company 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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