16,657 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired a new stake in Five Below, Inc., buying 16,657 shares valued at approximately $1.25 million in the first quarter.
• Five Below reported quarterly earnings of $0.86 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 19.5%.
• Analyst ratings show a consensus of "Hold" for Five Below, with target prices ranging from $25.00 to $160.00, indicating differing views on the stock’s potential.

XTX Topco Ltd purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,657 shares of the specialty retailer's stock, valued at approximately $1,248,000.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in Five Below by 26,340.9% in the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer's stock worth $111,337,000 after acquiring an additional 1,480,361 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $123,601,000. Marshall Wace LLP grew its holdings in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Norges Bank purchased a new position in Five Below in the fourth quarter valued at $66,933,000. Finally, Alliancebernstein L.P. lifted its position in shares of Five Below by 487.0% during the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock worth $59,480,000 after purchasing an additional 470,150 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIVE. Morgan Stanley upped their target price on Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Truist Financial boosted their price target on Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Telsey Advisory Group boosted their price objective on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a report on Wednesday, June 4th. Loop Capital raised their price objective on shares of Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Finally, The Goldman Sachs Group boosted their target price on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $119.00.

Five Below Price Performance

Shares of Five Below stock traded down $0.28 during trading on Wednesday, hitting $135.53. The company's stock had a trading volume of 737,907 shares, compared to its average volume of 2,002,358. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 28.41 and a beta of 1.06. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $143.88. The stock has a 50-day moving average price of $129.81 and a two-hundred day moving average price of $99.64.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. Five Below's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, equities analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the sale, the chief accounting officer owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last ninety days. 1.90% of the stock is currently owned by insiders.

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.