CI Investments Inc. Sells 1,755 Shares of Five Below, Inc. (NASDAQ:FIVE)

Posted by Defense World Staff on May 25th, 2023

CI Investments Inc. lowered its stake in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 68.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 827 shares of the specialty retailer’s stock after selling 1,755 shares during the quarter. CI Investments Inc.’s holdings in Five Below were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in shares of Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 93 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Five Below by 29.6% during the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 80 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Five Below by 3,530.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 353 shares during the last quarter. Archer Investment Corp boosted its position in shares of Five Below by 33.3% during the 4th quarter. Archer Investment Corp now owns 400 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Five Below by 51.6% during the 3rd quarter. Bessemer Group Inc. now owns 476 shares of the specialty retailer’s stock valued at $65,000 after acquiring an additional 162 shares during the last quarter.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Bank of America lifted their price target on Five Below from $220.00 to $242.00 and gave the company a “buy” rating in a research report on Wednesday, April 12th. Oppenheimer reissued an “outperform” rating on shares of Five Below in a report on Friday, March 17th. Truist Financial raised their price objective on Five Below from $217.00 to $224.00 in a report on Thursday, March 16th. Guggenheim lifted their price target on Five Below from $210.00 to $220.00 in a research note on Thursday, March 16th. Finally, Morgan Stanley lifted their price target on Five Below from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.22.

Five Below Stock Up 0.5 %

NASDAQ FIVE opened at $185.88 on Thursday. Five Below, Inc. has a twelve month low of $109.49 and a twelve month high of $220.19. The firm has a market capitalization of $10.35 billion, a PE ratio of 39.63, a P/E/G ratio of 1.48 and a beta of 1.16. The stock’s 50 day moving average is $199.94 and its 200 day moving average is $189.42.

Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. Five Below had a return on equity of 21.69% and a net margin of 8.50%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts anticipate that Five Below, Inc. will post 5.6 earnings per share for the current year.

Insiders Place Their Bets

In other Five Below news, CEO Joel D. Anderson sold 13,653 shares of the business’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $218.97, for a total value of $2,989,597.41. Following the sale, the chief executive officer now directly owns 90,855 shares of the company’s stock, valued at $19,894,519.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider George Hill sold 2,568 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $200.34, for a total transaction of $514,473.12. Following the transaction, the insider now directly owns 24,398 shares of the company’s stock, valued at $4,887,895.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joel D. Anderson sold 13,653 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $218.97, for a total value of $2,989,597.41. Following the transaction, the chief executive officer now directly owns 90,855 shares in the company, valued at $19,894,519.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,538 shares of company stock valued at $6,879,774. 1.80% of the stock is currently owned by corporate insiders.

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.