Man Group plc Boosts Position in Five Below, Inc. (NASDAQ:FIVE)

Man Group plc boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 399.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 562,902 shares of the specialty retailer's stock after purchasing an additional 450,215 shares during the quarter. Man Group plc owned about 1.02% of Five Below worth $59,082,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 558 shares during the period. R Squared Ltd purchased a new stake in shares of Five Below in the fourth quarter valued at $68,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Five Below in the fourth quarter valued at $99,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIVE. Truist Financial increased their target price on shares of Five Below from $65.00 to $81.00 and gave the company a "hold" rating in a research note on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. increased 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. Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. Finally, UBS Group reduced their target price on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $97.25.

Five Below Trading Up 0.9%

Shares of NASDAQ:FIVE traded up $0.91 during trading on Friday, reaching $106.52. The stock had a trading volume of 2,239,507 shares, compared to its average volume of 2,080,081. Five Below, Inc. has a one year low of $52.38 and a one year high of $141.70. The company has a market capitalization of $5.86 billion, a P/E ratio of 21.96, a PEG ratio of 1.19 and a beta of 0.87. The firm's 50-day simple moving average is $75.34 and its 200 day simple moving average is $88.03.

Five Below (NASDAQ:FIVE - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the business earned $3.65 EPS. The company's revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Activity

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 sale, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company's stock.

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.