Insider Selling: Five Below (NASDAQ:FIVE) Director Sells $2,312,800.00 in Stock

Five Below, Inc. (NASDAQ:FIVEGet Free Report) Director Ronald Sargent sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares of the company’s stock, valued at approximately $19,352,122.72. The trade was a 10.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Five Below Stock Performance

FIVE stock opened at $221.72 on Friday. The firm has a market cap of $12.25 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.70 and a beta of 1.10. The firm’s fifty day moving average is $210.71 and its 200 day moving average is $181.06. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $237.50.

Five Below (NASDAQ:FIVEGet Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $3.48 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FIVE. Northwestern Mutual Wealth Management Co. grew its stake in Five Below by 40,774,210.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after purchasing an additional 55,452,926 shares during the period. Norges Bank purchased a new position in Five Below during the fourth quarter valued at $182,786,000. AQR Capital Management LLC lifted its position in Five Below by 176.0% during the fourth quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock valued at $220,161,000 after buying an additional 745,272 shares during the period. Jennison Associates LLC lifted its position in Five Below by 397.5% during the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after buying an additional 654,763 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Five Below by 54.6% during the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after buying an additional 630,710 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FIVE shares. Truist Financial raised their price target on Five Below from $236.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wells Fargo & Company boosted their price objective on Five Below from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Craig Hallum reissued a “buy” rating and set a $246.00 price objective on shares of Five Below in a research note on Tuesday, March 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $206.00 target price on shares of Five Below in a report on Monday, February 9th. Finally, Wall Street Zen raised shares of Five Below from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $229.86.

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Key Headlines Impacting Five Below

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Five Below Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Five Below (NASDAQ:FIVE)

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