Five Below, Inc. $FIVE Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,603 shares of the specialty retailer’s stock after selling 5,536 shares during the period. Thrivent Financial for Lutherans’ holdings in Five Below were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in Five Below by 397.5% during the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after purchasing an additional 654,763 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Five Below during the 3rd quarter valued at about $866,000. Estate Counselors LLC purchased a new stake in Five Below during the 3rd quarter valued at about $3,755,000. AGF Management Ltd. purchased a new stake in Five Below during the 3rd quarter valued at about $7,304,000. Finally, Caprock Group LLC purchased a new stake in Five Below during the 3rd quarter valued at about $2,346,000.

Insider Transactions at Five Below

In other news, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the sale, the director owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the sale, the chief operating officer owned 92,531 shares in the company, valued at $21,665,208.34. The trade was a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by corporate insiders.

Five Below Stock Down 0.1%

Shares of FIVE opened at $219.50 on Friday. Five Below, Inc. has a 52 week low of $105.11 and a 52 week high of $251.63. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.64 and a beta of 1.00. The stock’s 50-day moving average price is $225.26 and its 200-day moving average price is $200.80.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business earned $3.48 earnings per share. The company’s revenue was up 24.3% compared to the same quarter last year. As a group, equities analysts anticipate that Five Below, Inc. will post 8.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIVE shares. Deutsche Bank Aktiengesellschaft boosted their price target on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Guggenheim boosted their price target on Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Craig Hallum reiterated a “buy” rating and set a $246.00 price target on shares of Five Below in a research note on Tuesday, March 17th. Telsey Advisory Group boosted their price target on Five Below from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their price target on Five Below from $296.00 to $306.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $240.60.

Five Below 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.