Balyasny Asset Management L.P. lessened its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 869,702 shares of the specialty retailer’s stock after selling 16,504 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Five Below were worth $163,817,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Five Below in the fourth quarter worth $35,000. Spire Wealth Management bought a new stake in shares of Five Below in the fourth quarter worth $38,000. Advisory Services Network LLC bought a new stake in shares of Five Below in the third quarter worth $32,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Five Below by 182.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 146 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Five Below by 331.5% in the fourth quarter. Whittier Trust Co. now owns 233 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 179 shares in the last quarter.
Five Below Price Performance
Shares of FIVE opened at $191.26 on Thursday. The firm has a market capitalization of $10.57 billion, a PE ratio of 24.15, a PEG ratio of 1.01 and a beta of 0.97. The company’s 50-day moving average is $218.25 and its 200-day moving average is $207.74. Five Below, Inc. has a fifty-two week low of $121.11 and a fifty-two week high of $251.63.
Trending Headlines about Five Below
Here are the key news stories impacting Five Below this week:
- Positive Sentiment: Five Below announced two leadership additions: Rodney Lastinger will become Chief Retail Officer and Christos Yatrakis has joined as Chief Legal Officer. The hires should strengthen store operations, governance, and execution across the company’s nearly 2,000 locations. Five Below Announces Leadership Appointments
- Positive Sentiment: Zacks Research raised earnings estimates for Five Below across multiple future periods, signaling confidence that the company’s growth and profitability can improve over time. Five Below analyst estimate updates
- Positive Sentiment: Five Below was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing the bullish view from analysts on the retailer’s growth profile. Best Growth Stocks to Buy for June 17th
- Neutral Sentiment: Separate consumer-interest stories highlighted Five Below products and brand appeal, including viral shopping posts about low-priced items. These may support awareness, but they are less likely to move the stock materially on their own.
- Neutral Sentiment: Shareholders also backed board and governance reforms at the annual meeting, which may help longer-term oversight but is not an immediate operating catalyst.
Insider Activity
In other news, Director Ronald Sargent sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the transaction, the director directly owned 83,674 shares of the company’s stock, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer directly owned 92,531 shares in the company, valued at $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.96% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
FIVE has been the topic of several analyst reports. Mizuho dropped their price target on shares of Five Below from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Citigroup boosted their price objective on shares of Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Loop Capital restated a “buy” rating and set a $250.00 price objective on shares of Five Below in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on shares of Five Below from $296.00 to $306.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company upped their target price on shares of Five Below from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.40.
Check Out Our Latest Analysis on FIVE
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.
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