Wellington Management Group LLP Decreases Stake in Five Below, Inc. (NASDAQ:FIVE)

Wellington Management Group LLP trimmed its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,208 shares of the specialty retailer's stock after selling 35,796 shares during the period. Wellington Management Group LLP owned about 0.65% of Five Below worth $37,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC boosted its position in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after buying an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 558 shares in the last quarter. R Squared Ltd acquired a new position in Five Below during the 4th quarter valued at approximately $68,000. Lazard Asset Management LLC acquired a new position in Five Below during the 4th quarter valued at approximately $99,000. Finally, Sterling Capital Management LLC increased its stake in Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after purchasing an additional 158 shares in the last quarter.

Five Below Stock Up 0.8%

Shares of FIVE traded up $0.94 during trading on Monday, reaching $117.51. 1,384,847 shares of the company traded hands, compared to its average volume of 2,096,809. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $141.70. The stock has a market cap of $6.47 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The stock has a 50-day simple moving average of $82.65 and a 200-day simple moving average of $89.60.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the business earned $3.65 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIVE. Mizuho cut their price objective on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Truist Financial increased their price target on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a report on Monday. Telsey Advisory Group increased their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a "market perform" rating in a report on Friday, May 2nd. Evercore ISI increased their target price on shares of Five Below from $94.00 to $98.00 and gave the company an "in-line" rating in a research report on Wednesday, May 28th. Finally, DA Davidson reduced 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 report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $100.70.

Insider Buying and Selling at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

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.