Varenne Capital Partners Purchases Shares of 140,847 Five Below, Inc. $FIVE

Varenne Capital Partners purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 140,847 shares of the specialty retailer’s stock, valued at approximately $25,305,000. Five Below comprises about 4.2% of Varenne Capital Partners’ portfolio, making the stock its 11th biggest position.

Other large investors also recently modified their holdings of the company. Castleark Management LLC grew its stake in Five Below by 27.8% during the fourth quarter. Castleark Management LLC now owns 48,340 shares of the specialty retailer’s stock worth $9,105,000 after buying an additional 10,520 shares during the period. Mach 1 Financial Group LLC acquired a new stake in shares of Five Below in the fourth quarter worth $911,000. California Public Employees Retirement System raised its stake in shares of Five Below by 10.0% in the 1st quarter. California Public Employees Retirement System now owns 106,692 shares of the specialty retailer’s stock valued at $24,377,000 after acquiring an additional 9,682 shares during the period. Lisanti Capital Growth LLC raised its stake in shares of Five Below by 48.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 43,844 shares of the specialty retailer’s stock valued at $8,258,000 after acquiring an additional 14,305 shares during the period. Finally, BlackRock Inc. acquired a new position in shares of Five Below during the 2nd quarter valued at $964,867,000.

Five Below Price Performance

Shares of FIVE stock opened at $252.20 on Monday. The company’s fifty day moving average price is $218.05 and its two-hundred day moving average price is $217.90. The firm has a market capitalization of $13.95 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.00 and a beta of 0.99. Five Below, Inc. has a 12 month low of $137.77 and a 12 month high of $263.88.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, September 2nd. The specialty retailer reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.28. Five Below had a return on equity of 22.13% and a net margin of 11.65%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. Five Below has set its Q3 2026 guidance at 1.010-1.130 EPS and its FY 2026 guidance at 9.830-10.310 EPS. On average, sell-side analysts anticipate that Five Below, Inc. will post 10.27 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Five Below from $350.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer assumed coverage on Five Below in a research report on Thursday, August 13th. They issued an “outperform” rating on the stock. HSBC raised Five Below to a “hold” rating in a research report on Tuesday, July 21st. Craig Hallum reiterated a “buy” rating and issued a $325.00 target price on shares of Five Below in a research note on Thursday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Five Below in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.70.

Key Stories Impacting Five Below

Here are the key news stories impacting Five Below this week:

• Positive Sentiment: Five Below reported second-quarter earnings of $1.68 per share, well above the $1.34–$1.40 analyst range, while revenue rose 22.9% year over year to approximately $1.26 billion. Results were supported by strong traffic, repeat visits, comparable-sales growth and demand for new, trend-oriented merchandise. Five Below Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised fiscal 2026 guidance to $5.63 billion–$5.71 billion in revenue and $9.83–$10.31 in EPS. Third-quarter EPS guidance of $1.01–$1.13 also exceeds the prior consensus estimate, signaling continued operating momentum. Five Below Q2 Earnings Call Centers on Traffic and Raised Outlook
• Positive Sentiment: The company authorized a $600 million share-repurchase program, which could support per-share earnings and signal confidence in future cash generation. Five Below Unveils $600 Million Share Repurchase Plan
• Positive Sentiment: Analysts raised targets following the earnings beat: Goldman Sachs moved to $306 with a Buy rating, JPMorgan to $368 with an Overweight rating, Truist to $297 with a Buy rating and Morgan Stanley to $300 while maintaining Equal Weight. These revisions reinforce improving expectations for growth and margins.
• Neutral Sentiment: Jim Cramer highlighted that comparable-sales growth is decelerating, although it remains strong. Consensus targets imply further upside, but target-price metrics alone are not reliable predictors of returns.
• Negative Sentiment: Some retail earnings point to a wider split among U.S. consumers. Five Below still faces potential tariff and margin pressures, and slowing comparable-sales growth could temper the rally if traffic or discretionary spending weakens. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.