80,877 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 80,877 shares of the specialty retailer's stock, valued at approximately $8,489,000. Raymond James Financial Inc. owned about 0.15% of Five Below as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama boosted its holdings in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock worth $13,371,000 after purchasing an additional 48,524 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Five Below by 691.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock worth $2,655,000 after buying an additional 22,102 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Five Below by 236.1% in the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after acquiring an additional 8,035 shares during the period. KBC Group NV increased its position in Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 496 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Five Below in the fourth quarter valued at about $31,000.

Five Below Stock Performance

Shares of FIVE traded down $0.07 during mid-day trading on Monday, hitting $75.32. 1,668,689 shares of the stock were exchanged, compared to its average volume of 1,983,248. The firm has a 50-day moving average of $74.08 and a two-hundred day moving average of $88.22. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $150.88. The company has a market cap of $4.15 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

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 (EPS) 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $3.65 earnings per share. Five Below's revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction 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 sale, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIVE. The Goldman Sachs Group reduced their price target on shares of Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Truist Financial dropped their price target on shares of Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price on the stock in a report on Monday, April 7th. Loop Capital lowered their target price on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. Finally, Guggenheim reduced their price target on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $94.30.

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.