Russell Investments Group Ltd. Grows Position in Five Below, Inc. (NASDAQ:FIVE)

Posted by on May 12th, 2023

Russell Investments Group Ltd. boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,130 shares of the specialty retailer’s stock after purchasing an additional 1,430 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Five Below worth $11,166,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FIVE. Massachusetts Financial Services Co. MA grew its position in Five Below by 63.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock worth $228,795,000 after purchasing an additional 644,271 shares during the last quarter. Armistice Capital LLC purchased a new stake in Five Below during the 3rd quarter worth approximately $76,163,000. Wasatch Advisors Inc. grew its position in Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares during the last quarter. Mane Global Capital Management LP purchased a new stake in Five Below during the 3rd quarter worth approximately $28,851,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Five Below by 31.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 810,179 shares of the specialty retailer’s stock valued at $111,537,000 after acquiring an additional 192,857 shares during the last quarter.

Five Below Stock Down 3.3 %

Shares of NASDAQ FIVE opened at $192.81 on Friday. The firm has a 50-day simple moving average of $201.27 and a 200-day simple moving average of $186.23. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. Five Below, Inc. has a 52 week low of $109.49 and a 52 week high of $220.19.

Five Below (NASDAQ:FIVE – Get Rating) last issued its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, meeting analysts’ consensus estimates of $3.07. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Five Below had a net margin of 8.50% and a return on equity of 21.69%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 earnings per share. As a group, equities research analysts expect that Five Below, Inc. will post 5.6 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Five Below from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. Guggenheim upped their price objective on shares of Five Below from $210.00 to $220.00 in a report on Thursday, March 16th. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a report on Friday, March 24th. Bank of America upped their price objective on shares of Five Below from $220.00 to $242.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Finally, Morgan Stanley increased their price target on shares of Five Below from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, March 17th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Five Below currently has an average rating of “Moderate Buy” and a consensus target price of $210.43.

Insider Buying and Selling

In related news, CEO Joel D. Anderson sold 13,653 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $218.97, for a total transaction of $2,989,597.41. Following the completion of the sale, the chief executive officer now directly owns 90,855 shares in the company, valued at $19,894,519.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider George Hill sold 2,568 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $200.34, for a total transaction of $514,473.12. Following the completion of the sale, the insider now directly owns 24,398 shares in the company, valued at $4,887,895.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joel D. Anderson sold 13,653 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $218.97, for a total transaction of $2,989,597.41. Following the sale, the chief executive officer now owns 90,855 shares of the company’s stock, valued at $19,894,519.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,538 shares of company stock worth $6,879,774. Insiders own 1.90% of the company’s stock.

About Five Below

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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